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    Economics Today Study Set 1
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    Exam 21: Rents, Profits, and the Financial Environment of Business
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    If the Interest Rate Is 1 Percent and a Business
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If the Interest Rate Is 1 Percent and a Business

Question 196

Question 196

Multiple Choice

If the interest rate is 1 percent and a business pays $100,000 for a lease on a factory, the explicit costs are


A) $110,000.
B) $100,000.
C) $10,000.
D) $90,000.

Correct Answer:

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