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rob quit a job working 20 hours per week at a subway sandwich shop to make sandwiches himself in his college dorm room that he sells to hungry students. if he had been paid $9 per hour at subway and now works the same 20 hours per week but sells his sandwiches for $300 a week and pays only $100 a week for supplies how much economic profit does he make?

Sagot :

Gibbs
If Rob sells his sandwiches for $300 dollars a week and pays only $100 dollars a week for supplies he earns $200 dollar a week in profit $300-$100=$200. In addition he now earns $10 per hour ($200/20hrs= $10 per hour). He now makes more money per hour than when he worked at the sandwich shop. 
Parrain

Based on the current amount that Rob makes selling sandwiches to students, his economic profit would be $20.

What is Rob's economic profit?

First, find out how much he was getting paid:

= 20 x 9

= $180

The amount he makes from selling sandwiches is:

= 300 - 100 for supplies

= $200

His economic profit is:

= Current income - Previus income

= 200 - 180

= $20

Find out more on economic profit at https://brainly.com/question/8960234.

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