Exam (elaborations)
ECO 372 FINAL EXAM 1 LATEST WITH COMPLETE SOLUTION 2020 (GRADE A)
- Course
- ECO 372 (ECO372)
- Institution
- University Of Phoenix
Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____. The exhibit given belo...
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