Romano III Question 1 (of 34) Oo a Save & Exit value; 029 points ET...
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Romano III Question 1 (of 34) Oo a Save & Exit value; 029 points ET Refer to the table below. The table shows the monthly economic profit of a drugstore. $ 27,0 Total ross) revenues per month ess explicit costs; Cost of merchandise sold Wages to cashier, stock, and delivery help t Rent and utilities Taxes o $17,000 2,500 800 hit 70 1,000 Total explicit costs $21,000 Accounting profit revenue minus explicit costs) to $6,000 less implicit costs Wages of owner-manager, 300 hours @ $10 per hour $3,000 Return on inventory, 10% per year on $120,000 Totat implicit costs S4,000 Economic profit revenue minus all costs) to $2 ,000 readers If the owner of the drugstore hired a manager for S13 an hour to take his place, how much of a change would show up in profits ? Instructions: Enter your responses as a whole numberindicate a negative response with a 4-0 a change in accounting profits per month? SE-3900 to Change in economic profits per month? eference eBook & Resour
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