Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Suppose a persona quits a job paying $40,000 per year and starts a business with $100,000 withdrawn from a money-market account earning 8 percent per year.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

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M998334

Have any Question? 


Related Questions in Microeconomics

Question petunias farm produces and sells milk the market

Question: Petunia's Farm produces and sells milk. The market for milk is perfectly competitive. The market price of milk is $2.50 per gallon. The relationship between the farm's output and total costs is shown in the tab ...

Question from 2000 to 2002 the sharp decline in capital

Question: From 2000 to 2002, the sharp decline in capital spending was almost completely matched by the sharp decline in government saving. (A) How do you think the overall economy would have responded? However, suppose ...

Question from the end of world war ii through the late

Question: From the end of World War II through the late 1980s, wage and price gains in the US always accelerated when the economy reached full employment. However, that did not happen in the 1990s. Part of the reason wag ...

Question before world war ii started the german currency

Question: Before World War II started, the German currency, which was then the Reichsmark, was set at 2.5 to the dollar. After the war ended, the occupying forces set its successor, the Dmark, at 4.2 to the dollar. The u ...

Question please answer in 7-8 sentancesfuture historians

Question: Please answer in 7-8 sentances: "Future historians may well write the epitaph of our civilization as follows: From command and tradition came stagnation and stability From liberty and science came rapid growth ...

Question do you expect that the cross-elasticity of demand

Question: Do you expect that the cross-elasticity of demand for Hyundais with respect to the price of Subarus will be positive or negative? Do you expect the cross-elasticity of demand for Subarus with respect to the pri ...

Question in the wall street journal article included in

Question: In the Wall Street Journal article included in this week's lesson, what change in the small drugstore chain's product differentiation strategy has helped lift profitability? What has been responsible for the su ...

Question in 1980 automobile manufacturers in the united

Question: In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on foreign-produced vehicles marketed in the United States. In a critical essay, elaborate on the costs and benef ...

Question 2-1 your organization collects data on individual

Question: 2-1: Your organization collects data on individual patients shown in Appendix Table 2. Identify whether each variable is measured nominally, ordinally, or as an interval/ratio variable. Nominally 2-2: What stat ...

Question barney has a snow removal business the price he

Question: Barney has a snow removal business. The price he charges for snow removal is $10 for each driveway. He clears 20 driveways during the week. His average cost is $12.50, his average variable cost is $6.25, and hi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As