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Please provide an answer and explanation Rodriguez operates a variety store that provides an annual revenue of $480,000. Each year, he pays $30,000 in rent

Please provide an answer and explanation

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Rodriguez operates a variety store that provides an annual revenue of $480,000. Each year, he pays $30,000 in rent for the store, $10,000 in business taxes, and $350,000 on products to sell. He estimates he could put the $100,000 he has invested in the store into his friend's restaurant business instead and earn an annual 20% profit on his funds. He also estimates that he and his family could earn a total annual wage of $90,000 if they worked somewhere other than the store. Include a minus sign (-) in front of any negative values entered as a solution below. a. The total explicit costs of running the store are $ The total implicit costs of running the store are $ b. The accounting profit of the variety store is $ The economic profit of the variety store is $[ c. Rodriguez (Click to select) |consider closing down this business because he is making a (Click to select V

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