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tabiannasmom2
12.11.2019 •
Business
Joe wants to start his own business, which will require that he purchase a factory that costs $400,000. joe currently has $500,000 in the bank earning 3 percent interest per year. a. if joey purchased the factory with his own money, what is the annual implicit opportunity cost of purchasing the factory?
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Ответ:
The annual implicit opportunity cost of purchasing the factory is $12,000.
Explanation:
annual implicit opportunity cost = 0.03*400000
= $12,000
Therefore, The annual implicit opportunity cost of purchasing the factory is $12,000.
Ответ:
12,000
Explanation:
This opportunity cost is calculated by
3%*400,000 = 12,000 in interest
So, the opportunity cost for purchasing a factory is what joe sacrifice in terms of interest from bank. So the amount is 12,000 dollars.
Ответ: