Question
1. John Smith has 47,500 in his high interest bearing account. He is contemplating whether to buy a boat and trailer or reinvest his money
1. John Smith has 47,500 in his high interest bearing account. He is contemplating whether to buy a boat and trailer or reinvest his money into the share market.
a/ What is the trade off John Smith is facing?
b/ What is the Opportunity Cost of investing his funds in the share market?
c/ What is the economic cost of purchasing the boat and trailer?
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
