Multiple Choice
Edward uses $10,000 from his savings (earning 5% interest) to open his business. After the first year, Edward incurs a loss of $15,000, which includes the interest that was lost when he withdrew funds from savings. His economic loss is:
A) $5,000.
B) $10,000.
C) $14,500.
D) $15,000.
Correct Answer:
Verified
Correct Answer:
Verified
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