Posted on Wednesday, 14th October 2009 by admin
Business DirectorySuppose I was working and was paid $50,000 a year. Now, I decided to open a new business and earn no economic profit, right? But as you know, economic profit already includes my opportunity cost, which is $50,000. So, here I can conclude that I’m earning that $50,000 in [...]
Tags: Opening A New Business, Opportunity Cost, Start Business
Posted in 1994 | Comments (6)