A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a store building he owns and currently rents for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. What is the minimum revenue he must earn per year in order for it to be worth his while to open
his sushi bar?
a. $26,000
b. $66,000
c. $78,000
d. $52,000
e. $72,000
C
Economics
You might also like to view...
What does the phrase "Keynesian revolution" refer to?
What will be an ideal response?
Economics
Which of the following taxes is always regressive?
a. a property tax b. an income tax c. a corporate tax on profit d. a 25 percent tax on overtime wages e. a $2 tax on a ticket to the movies
Economics
A trade war is said to occur when each country takes steps to make it harder for other countries to sell into its markets.
Answer the following statement true (T) or false (F)
Economics
What are the three reasons why the aggregate demand curve slopes downward? Give an example of each
Economics