document.write( "Question 749190: Nathan, who has been working for a consulting firm, is thinking of starting his own consulting company. He has determined that based on how much business he would likely be doing, his yearly costs would be $50,000 for rent on the office building $180,000 for employee wages and salaries, and $8,000 for materials and utilities.\r
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document.write( "In addition, in order to start the business, he would have to invest $100,000 of his own funds. He plans to manage the business, which would require him to quit his job at the consulting firm, where he currently earns $60,000 a year.\r
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document.write( "Finally, the interest rate or rate of return of investments in the economy is 6%.\r
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document.write( "If Nathan starts his business, his total implicit cost would be?\r
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document.write( "If nathan starts his business, his total cost (TC) per year would be? \n" );
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Algebra.Com's Answer #455832 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If you provide the formulas in the proper context, then your problem is an arithmetic problem. If you don't provide the formulas, this is a business finance question. Either way, this is an algebra site. In other words, you are in the wrong place.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "Egw to Beta kai to Sigma \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |