Wanda takes $3,000 from her savings account that pays 5 percent interest per year and uses the funds to purchase a computer for $3,000 for her business. At the end of the year the computer is worth $2,000. Wanda pays an implicit rental rate of ________ a year.
A) $1,150
B) $4,000
C) $3,150
D) zero
Correct Answer:
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Q1: A firm's basic goal is best described
Q2: Profit maximization
A) makes a firm become as
Q4: Costs as measured by accountants generally does
Q5: The most important goal of the firm
Q6: The implicit rental rate for capital is
A)
Q7: The implicit rental rate for capital includes
Q8: Economic depreciation is the
A) firm's opportunity cost
Q9: The difference between the market price of
Q10: Which of the following is part of
Q11: Which of the following costs are part
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