Aji Fatou is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $85,000 per year job as an engineer. If Aji Fatou thinks she can sell $570,000 worth of merchandise in a year, Aji Fatou's accounting profit is and her economic profit is , (please put your answer for accounting profit and economic profit, in numerical values without any dollar sign, comma or decimal place). Should Aji Fatou open the store? (please put your answer as yes, no or indifferent, all lower cases).

Aji Fatou is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $85,000 per year job as an engineer. If Aji Fatou thinks she can sell $570,000 worth of merchandise in a year, Aji Fatou's accounting profit is and her economic profit is , (please put your answer for accounting profit and economic profit, in numerical values without any dollar sign, comma or decimal place). Should Aji Fatou open the store? (please put your answer as yes, no or indifferent, all lower cases).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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