Multiple Choice
Scenario 13-1
Korie wants to start her own business making custom furniture. She can purchase a factory that costs $400,000. Korie currently has $500,000 in the bank earning 3 percent interest per year.
-Refer to Scenario 13-1. If Korie purchases the factory with her own money, what is the annual implicit opportunity cost of purchasing the factory?
A) $0
B) $3,000
C) $12,000
D) $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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