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Rodriguez operates a variety store that provides an annual revenue of $500.000 Each year, he pays $30,000 in rent for the store, $20.000 in
Rodriguez operates a variety store that provides an annual revenue of $500.000 Each year, he pays $30,000 in rent for the store, $20.000 in business taxes, and $350.000 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 S The total implicit costs of running the store are S b. The accounting profit of the variety store is $ The economic profit of the variety store is S c. Rodriguez (Click to select) (Click to select consider closing down this business because he is making a
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