You Have Two Career Options

question 112

Essay

You have two career options.You can work for someone else for $50,000 a year,or,you can run your own business,with an annual revenue of $100,000,and explicit costs of $40,000 annually.Explain which career option a profit-maximizer would select and why.

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Definitions:

Federal Government

The national government of a federal country, which shares power with state or provincial governments according to the constitution.

Departments

Major divisions within a government or organization that specialize in particular areas of public policy, administration, or services.

Executive Agencies

Governmental units under the executive branch responsible for implementing and administering federal laws and policies.

Federal Government

The national government of a federation, responsible for governing issues that affect the entire country, distinct from state or local governments.