Tim is opening a new online store. He plans to hire two workers at $10 an hour. Tim is also considering buying or leasing some new computers. The purchase price of a computer is $900 and after three years it is worthless. The annual cost of leasing a computer is $450. The price of capital equipment is ________. The rental rate of capital is ________.
A) $900; $450
B) $450; $450
C) $900; $900
D) $450; $900
E) 100 percent; 50 percent
Correct Answer:
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