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?

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Accepted Answer

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= $180The amount he makes from selling sandwiches is:= 300 - 100 for supplies = $200His economic profit is:= Current income - Previus income = 200 - 180= $20Find out more on economic profit at https://brainly.com/question/8960234.#SPJ2

Suggested Answer

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.