What is the opportunity cost of investing $10,000 of your own money into a business you wish to start?
What will be an ideal response?
The opportunity cost of your $10,000 is the monetary gain you forego because you cannot invest the money elsewhere.
You might also like to view...
The "nominal" interest rate is the
A) rate actually quoted in financial markets. B) rate actually quoted in financial markets minus the expected inflation rate. C) rate actually quoted in financial markets plus the expected inflation rate. D) rate actually quoted in financial markets divided by the expected inflation rate.
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm:Q = a + bP +cM +dPRwhere Q is the quantity demanded of the product Conlan Enterprises sells, P is the price of that product, M is income, and PR is the price of a related product. The results of the estimation are presented below: 
Assume that the income is $10,000, the price of the related good is $40, and Conlan chooses to set the price of this product at $30. At the prices and income given above, Conlan can expect to sell ________units.
A. 872 B. 864 C. 724 D. 600 E. 342
Central bank accountability means:
A. central bankers are only accountable to the banks in their respective countries. B. central bankers must hold press conferences to explain their monetary policy views. C. politicians will establish goals and central bankers will report on their progress. D. central bankers are not accountable to any elected officials.
Refer to the above figures. Which panel represents the expected relationship between tax revenue and the sales tax rate if dynamic tax analysis is used?
A. Panel 1 B. Panel 2 C. Panel 3 D. Panel 4