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A Young Chef Is Considering Opening His Own Sushi Bar

question 128

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A young chef is considering opening his own sushi bar.To do so, he would have to quit his current job, which pays $20, 000 a year, and take over a store building that he owns and currently rents to his brother for $6, 000 a year.His expenses at the sushi bar would be $50, 000 for food and $2, 000 for gas and electricity.What are his explicit costs?


Definitions:

Bona Fide Occupational Qualification

A work requirement that is essential for the performance of a job, even if it appears to be discriminatory, because it relates directly to the core operations of the business.

Discriminate

To treat someone differently or less favorably on the basis of certain characteristics, such as race, gender, or disability, which is often considered unlawful.

Federal EEOC

The U.S. Equal Employment Opportunity Commission, a federal agency that enforces civil rights laws against workplace discrimination.

State EEOC

State level branches of the Equal Employment Opportunity Commission that handle discrimination complaints and issues.

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