The wage job's output is such that for each hour worked at the wage job up to the limit of the entrepreneur's work tolerance level, a fixed amount of money can be invested into the new venture.
LEVELS OF WORK TOLERANCE AND RETURNS TO TIME INVESTED
1] so that the entrepreneur has a high work tolerance, one can easily derive from Figure 2 that the entrepreneur's total profit is maximized by allocating all the working time to the new venture.
This case is particularly interesting in that it does not depend on the work tolerance of the entrepreneur.
It is straightforward to verify that this latter time allocation provides the maximum total wealth as long as the entrepreneur has a medium or a high work tolerance ([Tau] [greater than or equal to] [[Tau].
In a second case (constant returns), the entrepreneur's work tolerance was irrelevant and one simply evaluated the relative rate of return expected from the new venture versus the wage job and committed fully to either the venture or the wage job depending on which offered the higher returns.
Then the energetic taxi driver who has a high work tolerance has enough hours in the week to reach the critical level of commitment to the business, and should thus be fully committed to it while a less active individual will not be able to reach this critical level and will be best advised to stick to driving the cab full time.
It can be observed that high work-tolerant individuals will spend at least as much time absolutely on a new venture as low work-tolerant individuals and in some cases (increasing returns) will commit themselves fully to a business when it is not feasible for individuals with a lower work tolerance to even get involved.
If the entrepreneur has a low or medium work tolerance at period t (i.
Third, the person must experience a reduction in fatigue and an increase in work tolerances.
During this initial phase of treatment, physical deficits are indentified and programming is implemented to address physical needs and build work tolerances.
The work station is also utilized by staff to assess work behaviours and to build work tolerances.