Question
Enrique runs a flower stall in the local shopping mall. The stall rents for $1,600 a month. Enrique buys the flowers at $2 a bunch
Enrique runs a flower stall in the local shopping mall. The stall rents for $1,600 a month. Enrique buys the flowers at $2 a bunch and sells them for $3 abunch. He'll be open seven days a week, eight hours a day, and plans to sell100 bunches of flowers a day. He's hired Rosita to work three hours each ofthe five school days and eight hours each day on Saturday and Sunday.Enrique pays Rosita $6 an hour. He works at the stall whenever Rosita is notworking. If Enrique didn't work at the flower stall, he'd make $10 an houras a cook. How much accounting profit and how much economic profit doesEnrique makea week? Explain how you calculated your answer (assume there are 4 weeks in a month).
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