Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive /  Ralph owns a small pizza restaurant, where he works full-time in the kitchen

 Ralph owns a small pizza restaurant, where he works full-time in the kitchen

Economics

 Ralph owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue is $100,000 a year, and his rent is $36,000 a year. He pays his one employee $24,000 a year, and the cost of ingredients and overhead averages $60,000 a year. Also, Ralph forgoes $35,000 per year as the manager of a competing pizza restaurant nearby. His economic profit for the year was: 
0 $55,000. 0 -$55,000. 
0 -$20,000. 
0 $20,000. 0 $34,000. 
 

Option 1

Low Cost Option
Download this past answer in few clicks

3.94 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

Related Questions