Question: Submit Part II electronically on Gr Raquel quits her IT job, where she was earning a salary of $50,000 per year. She decides to start
Submit Part II electronically on Gr Raquel quits her IT job, where she was earning a salary of $50,000 per year. She decides to start her own computer software business, with headquarters in a building that she owns. She was previ ously renting that building to a tenant for $24,000 per year. In the first year of business, she hires a programmer, paying them $40,000 in salary, and she also has $25,000 in operating expenses. (a) Calculate the accounting cost and (total) opportunity cost associated with this software business. (b) Suppose that Raquel's software business generates $220,000 in revenue during the first year. She expects to have the same business model next year. Using the cost-benefit principle, what would be her economic surplus in the following year? (c) Now suppose that Raquel also plans to pay herself a salary of $40,000 per year. How does that affect her decision to operate the business, and her economic surplus? What about if she were to pay herself a salary of $82,000 per year?adescope as a PDF: Youmayuseascanner, or a scanning app, or a tablet, or any other method of generating a PDF. Inthe event that you don't have a
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