SOLUTION: Suppose Natasha currently makes $50,000 per year working as a manager at a cable TV company. She then develops two possible entrepreneurial businesses opportunities. In one, she wi

Question 565381: Suppose Natasha currently makes $50,000 per year working as a manager at a cable TV company. She then develops two possible entrepreneurial businesses opportunities. In one, she will quit her job to start an organic soap company. In the other, she will try to develop an Internet based competitor to the local cable company. For the soap-making opportunity, she anticipates annual revenue of $465,000 and costs for the necessary land, labor, and capital of $395,000. For the internet opportunity, she anticipates costs for land, and capital of $3,250,000 per year as compared to revenues of $3,275,000 per year. (a) Should she quit her current job to become an entrepreneur? (b) If she does quit her job, which opportunity would she pursue?
Answer by cocolounge1103(1) (Show Source): You can put this solution on YOUR website!

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