Recall the Application about running a lawn-cutting business using solar-powered equipment to answer the following question(s).
-Using figures from the Application,$5,000 (which is the market value of all your equipment)is the
A) invested capital.
B) opportunity cost of the invested capital.
C) the opportunity cost of running the business.
D) opportunity cost of your time.

Question

Quizplus · Accepted Answer

The $5,000, representing the market value of all the equipment used in the lawn-cutting business, is considered the invested capital. This is the amount of money put into the business to purchase the necessary equipment for operations.

Recall the Application About Running a Lawn-Cutting Business Using Solar-Powered