1. Andrew operates a small shop specializing in party favors. He owns the
building and supplies all his own labor and money capital. Thus, Andrew
incurs no explicit rental or wage costs. Before starting his own business
Andrew earned $1,000 per month by renting out the store and earned $2,500
per month as a store manager for a large department store chain. Because
Andrew uses his own money capital, he also sacrificed $1,000 per month in
interest earned on U.S. Treasury bonds. Andrew's monthly revenues from
operating his shop are $10,000 and his total monthly expenses for labor and
supplies amounted to $6,000. Calculate Andrew's monthly accounting and
economic profits.
Answers
Answered by
1
Answer:
it is is not beneficial to eat him too much it is private sector which will and by tomorrow if we not maintain it properly it is not secure
Similar questions