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Author Question: Transaction CostsLast year Winston quit his job as a dental assistant making $42,000 a year and ... (Read 62 times)

Austinleez3

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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
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Marked as best answer by Austinleez3 on Nov 23, 2022

ealonif

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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.
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Austinleez3

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Reply 2 on: Nov 23, 2022
:D TYSM

AngeliqueG

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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