Business, 06.08.2019 21:30 tejasheree

Jacob owns and operates a small business that provides consulting services. during the year he spends $50,000 on travel to clients and other expenses. in addition he owns a computer that he uses for his business. if he did not use the computer he could sell it and earn yearly interest of $100 on the money received from the sale of the computer. jacob's total revenue for the year is $100,00. instead of working as a consultant he could teach economics at a small college and make a salary of $50,000. using your knowledge of explicit/implicit cost, and accounting & economic profits. should jacob continue working as a consultant or should he teach economics instead?

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Jacob owns and operates a small business that provides consulting services. during the year he spend...

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