larry lives in detroit and operates a small company selling drones. on average, he receives $702,000 per year from selling drones. out of this revenue from sales, he must pay the manufacturer a wholesale cost of $402,000. he also pays several utility companies, as well as his employees wages totaling $279,000. he owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $8,000 in rent. assume there is no depreciation in the value of his property over the year. further, if larry does not operate the drone business, he can work as a programmer and earn a yearly salary of $20,000 with no additional monetary costs, and rent out his storefront at the $8,000 per year rate. there are no other costs faced by larry in running this drone company.