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if a value is negative, be sure to enter a minus sign. You are considering opening a food truck selling snacks called Slap Shack instead
if a value is negative, be sure to enter a minus sign. You are considering opening a food truck selling snacks called Slap Shack instead of accepting a job offer. You anticipate that Macmillan Learning you will earn revenue of $140,000 each year. Renting the food truck will cost $19,000 each year, and you will need to spend $14,000 each year on ingredients, fuel costs, hiring a part-time helper, and other necessary expenses. You just graduated from Purdue and have received an offer to work for a firm with a yearly salary of $65,000. If you open the food truck, you will not pay yourself a salary (your earnings will just be your profits). What is your anticipated accounting profit from the food truck? Accounting Profit = $ 107000 What is your anticipated economic profit from the food truck? Economic Profit = $ 42000 Based on this information, would a rational agent open the food truck or accept the job offer? O accept the job O open the food truck Note that the only opportunity cost we included in economic profit was the salary you give up to take the job. However, what if we included your feelings about this too? Is this possible? place . $45 000 volun
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