Zelda 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. break-even price.
B. reservation price.
C. opportunity cost.
D. social cost.
Answer: C
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A. The Chicago Manual of Style B. The Publication Manual of the American Psychological Association C. The Modern Language Association Style Manual D. The Organized Press Stylebook
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An employer cannot be held criminally liable for acts committed by his/her employee
Indicate whether the statement is true or false
For small businesses, the Internet tends to blur ____ boundaries.
A. industry B. geographic C. skill-dependent D. technological