Rodriguez operates a variety store that provides an annual revenue of $500,000. Each year, he pays $35000 in rent for the store, $20000 in business taxes, and $370000 on products to sell. He estimates he could put the $80,000 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 {-} ln 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 ofthe variety store is $ The economic profit of the variety store is $ c. Rodriguez [Click to select] v consider closing down this business because he is making a [Click to select) V . Rodriguez operates a variety store that provides an annual revenue of $500,000. Each year, he pays $35,000 in rent for the store, $20,000 in business taxes, and $370,000 on products to sell. He estimates he could put the $80,000 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 (Click to select) should should notRodriguez operates a variety store that provides an annual revenue of $500,000. Each year, he pays $35,000 in rent for the store, $20,000 in business taxes, and $370,000 on products to sell. He estimates he could put the $80,000 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. 01:59:03 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) v | consider closing down this business because he is making a (Click to select) Click to select positive accounting profit positive economic profit zero accounting profit negative accounting profit (i.e. an accounting loss) negative economic profit (i.e. an economic loss)