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Which of the following best describes the cost of foregone income which results from making an economic choice to sell a bond paying interest of
Which of the following best describes the cost of foregone income which results from making an economic choice to sell a bond paying interest of 4 percent annually and using the proceeds of the sale of the bond to purchase a car?
Group of answer choices
a.Variable Cost
b.Fixed Cost
c.Marginal Cost
d.Opportunity Cost
e.Cost of Capital
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