How should entrepreneurs help legitimize entrepreneurship around the globe? Remember that boldness and drive can hurt legitimacy. Cultivate strong informal norms granting legitimacy to entrepreneurs. Rely on tangible resources. Avoid taking on internships and offering seed money for new ventures.

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?