You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a Mighty Taco restaurant. You work roughly the same hours as before and make $60,000 per year from the...


You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a Mighty Taco restaurant.  You work roughly the same hours as before and make $60,000 per year from the restaurant.  Assume the interest rate on government treasury notes is 5%.
Calculate the economic profit or loss from your move in year 1.  (Include a negative sign if it’s a loss)
Enter as a value.



Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here