Valerie monroe is an attorney employed by a large law firm at $85000 per year. She is considering whether to become a sole practitiotner, which would probably generate annually $320,000 in opperating revenues and $ 220,000 in operating expenses.
1.present two tabulations of the annual income effects of these alternatives. The second tabulation should include the opportunity cost monroe's compensation as an employee.
2.suppose monroe prefers less risk and chooses to stay an employee.show a tabulation of the income effects of rejecting the opportunity of independent practice

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