Business, 12.07.2019 05:20 Karumbafaith
Your aunt is thinking about opening a hardware store. she estimates that it would cost $300,000 per year to rent the location and buy the stock. in addition, she would have to quit her $45,000 per year job as an accountant.
a. define opportunity cost.
b. what is your aunt's opportunity cost of running a hardware store for a year? if your aunt thought she could sell $350,000 worth of merchandise in a year, should she open the store? explain.
Answers: 3
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Business, 22.06.2019 21:20
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Business, 23.06.2019 06:30
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