Suppose a persona quits a job paying 40000 per year and, Ask an Expert

Economics

Suppose a persona quits a job paying $40,000 per year and starts a business with $100,000 withdrawn from a money-market account earning 8 percent per year.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

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M998334

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