Top Posters
Since Sunday
s
5
g
5
K
5
o
5
g
5
o
4
k
4
s
4
I
4
k
4
j
4
o
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Tragamin Tragamin
wrote...
Go to Answer
Posts: 588
Rep: 1 0
6 years ago
Sue borrows $10,000 from her father to open her accounting practice. She agrees to pay Dad interest of 2% per year. CIBC bank would have loaned Sue the money, but at an interest rate of 5% per year. Sue's explicit costs (obvious costs) of this loan are $200 per year.

True or False?
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
Read 35 times
1 Reply
Replies
Answer verified by a subject expert
holymanholyman
wrote...
#1
Top Poster
Posts: 803
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tragamin Author
wrote...

6 years ago
Thanks
momochiime
wrote...

Yesterday
Smart ... Thanks!
rene_ram97
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  919 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 332
  
 98
  
 596
Your Opinion
Which country would you like to visit for its food?
Votes: 214
Previous poll results: Who's your favorite biologist?