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Author Question: Joe runs a restaurant. He pays his employees $200,000 per year. His ingredients cost him $50,000 per ... (Read 33 times)

faduma

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Joe runs a restaurant. He pays his employees $200,000 per year. His ingredients cost him $50,000 per year. Prior to running his restaurant, Joe was a lawyer earning $150,000 per year. What would economists say is Joe's cost of running the restaurant?
◦ $150,000
◦ $200,000
◦ $250,000
◦ $400,000


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Marked as best answer by faduma on Jul 20, 2019

nyrave

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faduma

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Reply 2 on: Jul 20, 2019
YES! Correct, THANKS for helping me on my review


cpetit11

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Reply 3 on: Yesterday
Excellent

 

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