Suppose that, in starting a new business, you leave your current job at a healthcare company that pays you $5,000 per mo

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Suppose that, in starting a new business, you leave your current job at a healthcare company that pays you $5,000 per mo

Post by answerhappygod »

Suppose that, in starting a new business, you leave your current
job at a healthcare company that pays you $5,000 per
month, including all benefits). After one year, the start-up
starts making a profit of $6,000 per month. How long will it take
you to be economically profitable? Explain using the concept of
opportunity cost in this context.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”