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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 1
Anna is indifferent between receiving $200 today or $230 in a month. What does this imply about her opportunity cost in the coming month? How much interest would Anna need to charge to lend $200 for the month in order to break even?
Explanation
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Opportunity cost:
Opportunity cost refe...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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