You as a businessperson have one million dollars to invest.One option is to investyour money in a business that gives you5% annual interest rate. Government tax on your gained interest is 25%.

But you decide to open a convenient store instead. You need to rent a place for $5000 per month and hire two workers and pay them each $3000 monthly. The other expenses such as purchases and overhead are $6000 per month. Yourstore generates $290,000 sales per year. Government tax on your business income is 35%.

How much is your economic profit? Which business do you choose? explain