Suppose I want to open my own restaurant. Currently I am working asa Financial Analyst at a top bank earning $175,000 a year, which I willhave to quit to open a restaurant. I am also going to invest $100,000of my savings which were earning an average annual rate of 6%.Whatis my opportunity cost(implicit cost) of opening the restaurant

$181000

Explanation:

Amount earned in a bank = $175000

Money invested = $100000

Interest Rate = 6%

Interest earned will be:

= 6% × $100000

= $6000

Therefore, the total earnings when the individual is working in the bank will be:

= $175000 + $6000

= $181000

Therefore, the pportunity cost of opening the restaurant will be the income that's foregone when working in the bank which is $181000.

answer; blank (1) hrm specialists,blank(2); line managers;

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!