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What are the answers for number 19 and 20?? a. 19. The opportunity cost of current household consumption is the wage rate. b. market interest
What are the answers for number 19 and 20??
a. 19. The opportunity cost of current household consumption is the wage rate. b. market interest rate. price of the goods consumed. d. explicit cost of consumption. C. 7 20. Suppose that you have $100 today and expect to receive $100 one year from lay. Your money market account pays an annual interest rate of 25%, and you may borrow money at that interest rate. If you save all your money, how much money will you have one year from today? $100 b. $125 C. $200 d $225 Step by Step Solution
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