Answered: 2. Speak to three entrepreneurs and…

2. Speak to three entrepreneurs and find out what motivated them to become entrepreneurs. Also find one person who at one time, considered becoming an entrepreneur but did not do so. Find out why.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: What is MARR and how do you choose it?

A: While making a decision to invest in a new project, the managers of companies do an analysis to…

Q: ou decided to go and apply for a credit card at your local financial institution. The Prime rate…

A: Prime rate : The interest rate that banks charge their most creditworthy customers . It serves as…

Q: Given a loan for $58,000.00 at an interest rate of 16.15% for 5 years, determine your annual payment…

A: The objective of this task is to determine the annual payment amount for a loan of $58,000.00 with a…

Q: What is breakeven point and HOW TO CALCULATE THE BREAKEVEN POINT?

A: In economics, some specfiic terms are used to explain the specfiic market situations, such as shut…

Q: Journalize Period Payroll The payroll register of Patel Engineering Co. indicates $1,080 of social…

A: Step 1:The journal entry to record payroll for the period is provided hereunder:Account Titles and…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: An individual makes five annual deposits of $100,000 in a savings account that pays interest at a…

A: Annual deposit = $100,000 Interest rate for first 6 years is 4% and for next 4 years is 6%

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: Target buys hand sanitizers from the wholesaler at $3 and sells them in their stores at $8. Find the…

A: Introduction Markup is the value a player adds to the cost price of a product. The value added is…

Q: How did you get the values 93 million and 51 million?

A: When a monopolist charges various prices to customers while still providing them the same product,…

Q: Receive 120 USD in two years

A: To compare the present value of these four options, we need to calculate their present values using…

Q: Interest Rate iA 0 Ms Quantity of Money MD (Y, P)

A: (a) Calculating M1 and M2M1: This includes the most liquid forms of money:Currency: $95Checkable…

Q: We know two friends that have decided to work together in a start-up business in Ithaca; they want…

A: The profit which is based on the explicit cost is the accounting profit. The total revenue is…

Q: Your Subaru Outback broke down. It has 110,000 miles and is paid off. You take it to the dealership…

A: If the Subaru outback broke down and it has run 110000 miles then it implies the Subaru has left…

Q: Your client is 32 years old. She wants to begin saving for retirement, with the first payment to…

A: Given Client's age = 32 years Annual payments, P= $11,000 Interest rate, r=9% Let us assume she…

Q: What are the Major Rehabilitation Costs?

A: Expenditure on restoring an entity, plant, machinery, equipment or property under acceptable or…

Q: For a simple interest loan with interest rater (expressed as a decimal), the amount A due at the end…

A: Under simple interest, compounding is done on a fixed principal.

Q: Advantages of Centralized/Center-led PurchasingStructures

A: Centralized purchasing is a system in which all sorts of inputs and services are provided through a…

Q: Edges and Middles Corp. produces jigsaw puzzles. The quality of its materials and the calibration of…

A: Six Sigma derived from the bell curve used in statistics where one Sigma express one standard…

Q: Explain Grant

A: Grant: It is a sum of money that is being paid to an individual or an institution by any government…

Q: Countrywide Financial and Bear Stearns got into trouble because of their daily need for short term…

A: Countrywide Financial and Bear Stearns, like many other financial institutions in the mid-2000s,…

Q: What are the characteristics and features of condominiums? Kindly explain.

A: Condominiums are often big buildings with several apartments. These modules have all been offered to…

Q: It is the amount of money paid for the use of borrowed capital. Future Worth Interest Principal…

A: Capital is often defined as the cash or any kind of asset which can be used to make expenditures.…

Q: What is the time period? What does it determine?

A: Time period refers to the duration of an investment. There are mainly two time periods; short run…

Q: You have just moved to a new country to take up a two-year assignment. You need to buy a car and…

A: In the process of making decisions, economic analysis is unavoidably a crucial instrument. Before…

Q: What's rop settlement

A: A process of business whereby interests or securities in the securities are being delivered, usually…

Q: How did you get 5.49 for AVC?

A: Introduction Total cost includes all implicit and explicit cost that comes during production. Total…

Q: Give some specific examples of period costs?

A: Period costs are all expenses not included in cost of the commodity.

Q: (a) If the firm were to charge only individual prices and not the bundle price, what price should it…

A: a) For Laptops:- When firm will charge $800 for the laptop, Only customer A and B will be able to…

Q: The owners of a small manufacturing concern have hired a vice president to run the company with the…

A: From the given scenario, it can be easily identified that when the firm earns zero profit in the…

Q: What are speed payments? Could they potentially be ethical? Does it matter where speed money…

A: Speed payments, also known as 'facilitation payments' or 'grease payments', are small bribes paid to…

Q: Why is it important for managers to take ethical diversity into account?

A: Organizations have a high level of ethical variety. That is, employees, managers, and leaders in…

Q: A person starts her own business, quitting a job in which she was making $125 000 a year. Expenses…

A: Economic profit is accounting profit minus opportunity cost or in other words it also includes…

Q: You can afford a $900 per month mortgage payment. You've found a 30 year loan at 6.5% interest. a)…

A: Given Monthly mortgage payment A = $900 Time t= 30 years Rate of interest =6.5% compounded…

Q: Gerry likes driving small cars and buys nearly identical ones whenever the old one needs replacing.…

A: solving this problem first we have to calculate EUAC (Equated Uniform Annual Costs) EUAC is used to…

Q: Evaluate safety and security affecting early childhood development in Jamaica. Use references.

A: Safety and security are fundamental aspects affecting early childhood development, as they provide…

Question

100%

MAKE SURE IT IS ORIGINAL AND NOT PLAGIARIZED. I WILL UPVOTE IF IT IS COMPLETE. PLEASE SKIP THIS IF YOU HAVE ALREADY ANSWERED THIS.

2. Speak to three entrepreneurs and find out what motivated them to
become entrepreneurs. Also find one person who at one time,
considered becoming an entrepreneur but did not do so. Find out
why.
2

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Mode definition
IMF loan condition and challenges in Bangladesh. Please write this in 1500 word. Also include the reference
Potential economic value of mobile internet
riginal price 3. Five years ago, Mary opened a savings account for a condo on the beach that earns 2.6% simple interest each year. She started the account with $550 and has not touched the account since. How much money is in the account now?
i need the answer quickly
What does it mean for U”<0?
Why do businesses offer “Buy one, get one for half price” sales when they could just sell each unit separately for 25% off the usual sale price?
Answer quick please. Do not need full work
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Based on his vast experience doing laundry, he knows how long each load will take in both the washer and the dryer. He glances at his watch; it is now 2:00 p.m. and he has to have the last load dry by 8:30 p.m. to be there in time. Help Mushtaq develop a schedule that will enable him to make his date on time and depict that schedule using a Gantt chart. Can he make it and, if so, by how much? Load Wash Time (hrs.) Dry Time (hrs.) Polyesters (P) 0.50 0.75 Leathers (L) 2.00 1.50 Whites (W) 0.75 1.25 Unmentionables (U) 1.00 1.25 Silks (S) 0.50 0.25
You can earn 10% a year on your savings. Your dad offers you a Holiday Gift of $1000 this year, $2000 next Holiday, $3000 Holiday 2021. If instead he offered you $6,000 Holiday 2020 (next year). Which should you pick, the single payment or the 3 payments. SHOW YOUR WORK Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A process has a cycle time of 10 minutes. The throughput time is 10 hours. If the throughput time is reduced to 5 hours without changing the cycle time, what is the change in inventory (as a percentage)?