Your business has just three costsrent of $1,000 a month; wages of $3,000 for your sole employee;
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Your business has just three costs—rent of $1,000 a month; wages of $3,000 for your sole employee; and electricity, which costs $500 a month. If your monthly sales were $4,000, what would you do (a) in the short run and (b) in the long run?
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Analyzing your business situation Monthly Revenue 4000 Monthly Costs Rent 1000 Wages 3000 Electricity 500 Total Monthly Costs 4500 ProfitLoss 4000 Rev...View the full answer
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