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Joshua is a youth basketball coach. He earns $60,000 per year. He also owns and rents out a small store for extra income of $60,000
Joshua is a youth basketball coach. He earns $60,000 per year. He also owns and rents out a small store for extra income of $60,000 a year. However, he is tired of coaching and wants open up a Boba shop. He would have to kick out his tenants so he can use the space for his Boba shop. His expenses at the boba shop would be $100,000 per ingredients and hiring a worker. He also would pay $20,000 per year in insurance. He would make $180,000 in revenues. What are his economic profits if he opens the boba store ? O $60,000 O $220,000 O - $60,000 O $60,000 O $80,000 O $240,000 O $120,000 O $160,000
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