X Meme An owner of a restaurant chain took out a loan to buy one dozen taco stands in Houston. The monthly loan comes to $500 per taco stand. Maintenance and utilities are $350 a month and for an occupied taco stand and zero if he can't find anyone to rent it. If the local economy is depressed to the point that rents are lower than the owner expected, what is the lowest rent the owner will ever accept for his taco stands and why? What rent would be necessary for him to make a normal profit? Why is that? If the rent he could obtain were $950 because of a booming economy why would this rental rate not prevail in the long run? In other words, what would happen and why? CARETUS TACOS CTORTAS THE TA OOO