Anna is indifferent between receiving $200 today or $230 in a month What does this imply about her opportunity cost in the coming month How much interest would Anna need to charge to lend $200 for the month in order to break even ...

If Anna is indifferent between receiving 200 today or 230 in a month it means that her oppor ...

Anna is indifferent between receiving $200 today or $230 in a month. What does this imply about

Question:

Anna is indifferent between receiving $200 today or $230 in a month. What does this imply about her in the coming month? How much interest would Anna need to charge to lend $200 for the month in order to break even?
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...