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27 Scenario 14-1 As part of an estate settlement Mary received $1 million. She decided to use the money to purchase a small business in
27 Scenario 14-1 As part of an estate settlement Mary received $1 million. She decided to use the money to purchase a small business in Anywhere, USA. If Mary would have invested the $1 million in a risk-free bond fund she could have made $100,000 each year. She also quit her job with Lucky.Com Inc. to devote all of her time to her new business; her salary at Lucky.Com Inc. was $75,000 per year Refer to Scenario 14-1. What are Mary's (implicit) opportunity costs of operating her new business? A. $25,000 O B. $75,000 C. $100,000 D. $175,000
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