Friday
October 24, 2014

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Suppose a persona quits a job paying $40,000 per year and starts a business with $100,000 withdrawn from a money-market account earning 8 percent per year.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

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - 2. Lucy quits a $50,000 job to open her waffle business. She makes $...
Economics - I got a lot of problems with this exercise. I really hope you can ...
Economics - You are considering quitting work for two years to earn an MBA. Your...
economics - Samantha Jones has a job as a pharmacist earning $30,000 per year, ...
Math(Please help) - Betsy, a recent retiree, requires $6,000 per year in extra ...
math(Please help) - Betsy, a recent retiree, requires $6,000 per year in extra ...
COLLEGE ALEGBRA - Sue, a recent retiree, requires $6,000 per year in extra ...
MIcroeconomics - Hi. THis is due Tuesday. I am working on it but can use some ...
Math - Betsy, a recent retiree, requires $6,000 per year in extra income. She ...
Economics - Jim left his previous job as a sales manager and started his own ...

Search
Members