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5. Below, in the table are the revenues and expenses for the Too Early Convenience store for the week ending June 26, 2021 Profit and

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5. Below, in the table are the revenues and expenses for the Too Early Convenience store for the week ending June 26, 2021 Profit and Loss Statement Week Ending June 26, 2021 Revenues: Cash Sales $7.260 Expenses: Merchandise $3,180 Rent 750 Insurance 240 Licenses etc. 90 Income Tax 1,880 Advertising 200 Depreciation 100 006'95 The owners have invested $40,000 into the business and they worked a total of 80 hours [unpaid) during the week. They could have invested in a conservative stock mutual fund is currently paying 5.2% interest and the going wage rate is $15 per hour for similar work they are performing for their store [Xuew L) [song noje) JnoA MOUS) (650) JO)JJONd BUnunoFOE SIBUMO BUI BJE JEWWE b) What are the owners' economic profit (or loss) (show your calculations)? (3 marks] C) On a Microeconomic sense, should the owners keep running their business? why? (2 marks]

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