Business

Mattie Stafford

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Ralph 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. ralph could earn $35,000 per year as the manager of a competing pizza restaurant nearby. his total explicit costs for the year were

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