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Jose owns a jewelry repair stand. His total revenue last year was $100,000, and his rent was $36,000. He pays his one full-time employee $24,000,
Jose owns a jewelry repair stand. His total revenue last year was $100,000, and his rent was $36,000. He pays his one full-time employee $24,000, and the cost of inventory and overhead is $6,000. Jose could earn $33,000 per year as the manager of another store nearby. His total economic profit was Group of answer choices $61,500. $1,000. $1,000 $35,000
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