Sarah has a saving account with a 1000 balance that earns 3, Ask an Expert

Economics

Sarah has a saving account with a $1,000 balance that earns 3% APY. She decides to withdraw the entire balance to buy a laptop computer. What will be her opportunity cost in buying the laptop?

a. the cost of the laptop

b. the foregone interest

c. the foregone interest and the cost of the laptop

d. the cost of the laptop minus the forgone interest

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91960101

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