If a college student stays home and watches a Netflix movie for $2 rather than going out to a $15 movie, this is an example of the

James used $250,00 . from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for 320,000 . His accountant calculated his profit to be:

a. $320,000 b. $70,000 c. $282,500 d. $32,500

All else constant, the quantity of labor supplied is inversely related to the amount of training required for a job

a. True b. False