ophia has decided to start her own business. In doing so she refused an offer to work at the Central Bank which would pay a salary of $200,000 annually. Last year she earned a total revenue of $150,000. Rent and utilities last year were $60,000. Her assistantʹs salary is $50,000 annually. Her total explicit and implicit costs are
ophia has decided to start her own business. In doing so she refused an offer to work at the Central Bank which would pay a salary of $200,000 annually. Last year she earned a total revenue of $150,000. Rent and utilities last year were $60,000. Her assistantʹs salary is $50,000 annually. Her total explicit and implicit costs are
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 4.6IP
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ophia has decided to start her own business. In doing so she refused an offer to work at the Central Bank which would pay a salary of $200,000 annually. Last year she earned a total revenue of $150,000. Rent and utilities last year were $60,000. Her assistantʹs salary is $50,000 annually. Her total explicit and implicit costs are
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