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

Economics

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 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.