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Sublight2097 Sublight2097
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9 years ago
Ron regularly deposits $200 each week into a savings account, which earns 3% interest per year. This month he decides instead to invest $200 into the stock market. What is the opportunity cost of Ron's decision to invest rather than save?
A) $200
B) The 3% interest he could have earned by depositing another $200 into his savings account
C) The difference between the rate of return he enjoys in the stock market and the 3% interest return he could have earned by depositing that $200 into his savings account
D) Zero, because Ron already had the $200
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Seriously, you've been tremendously helpful! Thank you.
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9 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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