Remi owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his rent was $3,000 per month. He pays his one employee $2,000 per month, and the cost of ingredients and overhead averages $500 per month. Remi could earn $35,000 per year as the manager of a competing pizza restaurant nearby. His economic profit last year was O $89,000 O $94,500 $97,000 O 554,000 O $62,000
Remi owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his rent was $3,000 per month. He pays his one employee $2,000 per month, and the cost of ingredients and overhead averages $500 per month. Remi could earn $35,000 per year as the manager of a competing pizza restaurant nearby. His economic profit last year was O $89,000 O $94,500 $97,000 O 554,000 O $62,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Remi owns a small pizza restaurant, where he works full-time in the kitchen. His
total revenue last year was $100,000, and his rent was $3,000 per month. He pays
his one employee $2,000 per month, and the cost of ingredients and overhead
averages $500 per month. Remi could earn $35,000 per year as the manager of a
competing pizza restaurant nearby. His economic profit last year was
O $89,000
O $94,500
O $97,000
O 554,000
O $62,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F57d468f3-2d59-458b-bb91-df69345746a6%2F64b51bd0-335d-40af-b9a1-1c8d8cc73ae0%2Fe30krcn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Remi owns a small pizza restaurant, where he works full-time in the kitchen. His
total revenue last year was $100,000, and his rent was $3,000 per month. He pays
his one employee $2,000 per month, and the cost of ingredients and overhead
averages $500 per month. Remi could earn $35,000 per year as the manager of a
competing pizza restaurant nearby. His economic profit last year was
O $89,000
O $94,500
O $97,000
O 554,000
O $62,000
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