2. a) Explain how the accountant and economist view cost. (20 MARKS)
. b) Quick Meal is a fast food outlet in Mona that sells box lunches for $120 each. Its total
cost function is TC = 80,000 + 20Q + 0.02Q2
(i) Should the owners close the restaurant? Explain!
(ii) What is the profit /loss of the business?