Sarah has a savings account with a $1,000 balance that earns an annual percentage yield of 3%.If she decides to withdraw the entire balance to buy a laptop computer,what will be her opportunity cost of buying the laptop?
A) the cost of the laptop
B) the forgone interest
C) the forgone interest and the cost of the laptop
D) the cost of the laptop minus the forgone interest
Correct Answer:
Verified
Q2: Accounting costs include explicit and implicit costs.
Q3: Dan is an entrepreneur who invests in
Q4: Total economic costs include
A) a normal rate
Q5: Accounting costs include all monetary payments and
Q6: Scenario 8.1: Ana used to work for
Q7: Recall the Application about the opportunity cost
Q8: Scenario 8.1: Ana used to work for
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