Question

Jasmine is self-employed in a store that has a rental value of $500 a month which she pays, but she can vacate the building without giving notice. Her other expenses are $250 a month for maintenance. She makes $25,000 a year on net sales (total revenue minus the wholesale cost of the product). If she quit her job and worked the same number of hours elsewhere at a job she liked equally well, she estimates that she could make $17,500 a year. No one else can be hired to work in the store. Suppose that Jasmine had a long-term lease which requires her to pay the rent even if she doesn't operate the store. What should Jasmine do? Continue running her business permanently. Immediately close her business and take the job. Run her business until the lease expires, then take the job. It cannot be determined from the information given.

          Jasmine is self-employed in a store that has a rental value of $500 a month which she pays, but she can vacate the building without giving notice. Her other expenses are $250 a month for maintenance. She makes $25,000 a year on net sales (total revenue minus the wholesale cost of the product). If she quit her job and worked the same number of hours elsewhere at a job she liked equally well, she estimates that she could make $17,500 a year. No one else can be hired to work in the store. Suppose that Jasmine had a long-term lease which requires her to pay the rent even if she doesn't operate the store. What should Jasmine do?
Continue running her business permanently.
Immediately close her business and take the job.
Run her business until the lease expires, then take the job.
It cannot be determined from the information given.

Jasmine is self-employed in a store that has a rental value of 500 a month which she pays, but she can vacate the building without giving notice. Her other expenses are250 a month for maintenance. She makes 25,000 a year on net sales (total revenue minus the wholesale cost of the product). If she quit her job and worked the same number of hours elsewhere at a job she liked equally well, she estimates that she could make17,500 a year. No one else can be hired to work in the store. Suppose that Jasmine had a long-term lease which requires her to pay the rent even if she doesn't operate the store. What should Jasmine do?
Continue running her business permanently.
Immediately close her business and take the job.
Run her business until the lease expires, then take the job.
It cannot be determined from the information given.

Added by Carolyn B.

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