Homework Help: economics

Posted by brian on Friday, November 2, 2012 at 7:08pm.

Suppose a persona quits a job paying $40,000 per year and starts a business with $100,000 withdrawn from a money-market account earning 8 percent per year. The implicit cost of the business is ____ for the entrepreneurs time plus _____ for the entrepreneurs funds.

Can someone help me with the formaula on how to do this!! thanks

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