Multiple Choice
Suppose that Rosa is considering migration to another country. To move, she will have to spend $4,000 on transportation and $6,000 in application and other processing fees. Rosa's stream of future earnings in her home country is $400,000. She expects to earn a stream of future earnings of $750,000 in another country. Based on this information, Rosa's explicit cost of migrating is
A) $400,000.
B) $10,000.
C) $410,000.
D) $350,000.
Correct Answer:
Verified
Correct Answer:
Verified
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