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Yousef owns and manages a taco restaurant in Mexico whose annual revenue is $ 5 , 0 0 0 . Annual expenses are as follows:
Yousef owns and manages a taco restaurant in Mexico whose annual revenue is $ Annual expenses are as follows:
Labor $
Food and water
Electricity
Vehicle lease
Rent
Interest on loan for equipment
a calculate Yousefs annual accounting profit?
b Yousef could earn $ per year a cashiers however he prefers to run the taco restaurant. Yousef would be willing to paid up $ per year to run the taco restaurant rather than being cashiers. Is the taco restaurant making an economic profit? Should Yousef stay the taco restaurant business? Explain
c suppose the taco restaurant and expense remain the same, but cashiers earnings raise to per year. Is taco restaurant still making an economic profit? Explain?
d suppose Yousef can earn $ a year as a cashier, and he likes teaching just as well as running the Taco restaurant. How much additional revenue would the Taco have to collect each year to earn normal profit?
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Step: 1
a To calculate Yousefs annual accounting profit we need to subtract his total expenses from his tota...Get Instant Access to Expert-Tailored Solutions
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Step: 2
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