You win $100 in a lottery. You have a choice between spending the money now and putting

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You win $100 in a lottery. You have a choice between spending the money now and putting it away for a year in a bank account that pays 5 per cent interest. What is the opportunity cost of spending the $100 now?

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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Question Posted: Nov 02, 2024 04:00 AM

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You win $100 in a lottery. You have a choice between spending the money now and putting

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Principles Of Microeconomics [Australia And New Zealand Edition]

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