mkap913 mkap913

19-05-2018
Business

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Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp business. The savings account paid 2% interest. What is Bubba’s annual opportunity cost of the financial capital that he invested in his business?a. $200
b. $40
c. $20
d. $400

Respuesta :

conrad187 conrad187

19-05-2018

The answer is B, as he would have received 2% of $2000 which is $40 had he decided not to buy the boat and equipment.

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