Explain businesswoman go in business for herself


The businesswoman is thinking 2 options. First option is to go into business for herself. She will have $30,000 in total revenue; $23,500 in purchases and $3,000 in utilities costs. She won't have labor costs as she will work alone. She won't pay rent as she is using her own building, and won't have interest payments as she is using her own money. Second choice is to work for someone else for wages of $3,000. Additionally, she would rent the building for $2,000. Must this businesswoman go in business for herself or work for someone else? Ensure to take in in analysis explicit and implicit costs.

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Mathematics: Explain businesswoman go in business for herself
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