Genevieve Is a Recent Fashion Graduate

Multiple Choice

Genevieve is a recent fashion graduate.She started her own apparel store with an investment of $300,000.In the first year she made a profit of $60,000.If she had taken up a job as a fashion editor for a magazine,she would have earned $50,000 as salary per year.Also,she could have invested her capital,$300,000,in treasury bonds and earned an interest of $12,000.Thus,the amount $62,000 ($50,000 + $12,000) would be Genevieve's

A) social cost.
B) break-even price.
C) reservation price.
D) opportunity cost.