October 7, 2015

Homework Help: Economics

Posted by Ace on Saturday, November 19, 2011 at 5:43pm.

Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per year, but he now pays himself $25,000 per year while he is building the new business. What is the economic cost of the time he contributes to the new business?

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