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Your Parents Have Given You a New Car on Your

Question 7

Multiple Choice

Your parents have given you a new car on your 16th birthday for which they paid about $24,000. Assume this is also the price you would get if you decided to sell the car a month after getting it. The monthly costs of driving the car are $100 for oil changes and $200 for gas. What are the opportunity costs of driving the car this month?


A) $300
B) $2,000
C) $24,300
D) $0

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