Recall Application 1, "Don't Forget the Costs of Time and Invested Funds," to answer the following questions.
-According to the application,if this year Betty spends $100,000 of her own money on materials, the interest rate is 5%, has living expenses of $20,000 and could have made $50,000 in her former line of employment, then Betty's opportunity cost of operating the business this year is:
A) $155,000.
B) $150,000.
C) $50,000.
D) $55,000.
Correct Answer:
Verified
Q44: Firms expect to make money on repeat
Q45: The principle that individuals and firms pick
Q46: Suppose it costs a firm $200 million
Q47: If real salaries decrease but nominal salaries
Q48: Recall Application 5, "The Declining Real Minimum
Q50: The economic reason why some individuals choose
Q51: The opportunity cost of going to college:
A)