This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Transaction CostsLast year Winston quit his job as a dental assistant making $42,000 a year and ... (Read 64 times)

Austinleez3

  • Full Member
  • ***
  • Posts: 158
on: Nov 23, 2022
Transaction Costs

Last year Winston quit his job as a dental assistant making $42,000 a year and opened a photography business, Winston's Whimsical Wonders.
For his business, he purchased a high-tech camera for $2300, purchased equipment for processing and printing photos for $1700, and spent a total of $2950 on marketing.
Assume that last year, the firm had no economic depreciation, but could have earned 10% interest on the funds used to purchase all the equipment needed.
Being the entrepreneur for the business, Winston earned a normal profit of $26,000 last year.

What is the opportunity cost of Winston's Whimsical Wonders? Please round your answer to two decimal places.
◦ $54,245.00
◦ $49,645.00
◦ $7645.00
◦ $74,950.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Austinleez3 on Nov 23, 2022

ealonif

  • Full Member
  • ***
  • Posts: 185
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


Austinleez3

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
Example of a choice board used in studies of decision making. This one includes four factors for ... Example of a choice board used in studies of decision making. This one includes four factors for ...
Queen Nefertari Making an Offering to Hathor Queen Nefertari Making an Offering to Hathor
Available Fresh Water per year Available Fresh Water per year
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library