What is the opportunity cost of investing $10,000 of your own money in a business you wish to start?
What will be an ideal response?
The opportunity cost of your $10,000 is the money you lose because you cannot invest the money elsewhere.
Economics
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How do advertising and other selling costs affect a firm?
A) They shift the marginal cost curve upward. B) The only effect is that the excess capacity is reduced. C) The only effect is that the demand for the product increases. D) They shift the average total cost curve upward. E) The do not change demand and shift the average total cost curve downward.
Economics
Which was not one of the main U.S. land acquisitions?
a. The Oregon Country b. The Texas Annexation c. The Florida Acquisition d. The Gadsden Purchase e. All of the above are U.S. land acquisitions.
Economics