187k views
4 votes
Suppose that you have received $300 as a birthday gift. You can spend it today or you can put the money in a bank account for a year and earn 5 percent interest. The opportunity cost of spending the money today, in terms of what you could have after one year, is

a. $0.

b. $15.

c. $305.

d. $315.

User Mike Welsh
by
8.2k points

1 Answer

3 votes
After one year you will be able to get 305 extra dollars then what you have put in hope this helps you
User Wotaskd
by
7.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.