What is the opportunity cost of spending

Reference no: EM133664774

Question

You win $100 in a basketball pool. You have a choice between spending the money now and putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the $100 now?

Reference no: EM133664774

Questions Cloud

Find song that you think epitomizes opposition : Find a song that you think epitomizes opposition to the Vietnam War. Post your analysis of the song

How did the migration of african americans : How did the migration of African Americans from the rural South to urban centers during the early to mid-20th century influence

Re-tell earlier medieval narrative material : How does Fritz Lang's movie use music and visual imagery to re-tell earlier medieval narrative material?

Find one piece of modern korean music : Find one piece of modern Korean music, of any genre, and discuss its influences. What does it share with traditional Korean music?

What is the opportunity cost of spending : You have a choice between spending the money now and putting it away for a year, What is the opportunity cost of spending the $100 now?

Which one company is the best one you wish to inves : Which one company is the best one you wish to invest for next 3 decades, based on its management, product or business model, financial condition

Philadelphia soda tax with it being five year anniversary : Philadelphia Soda tax With it being the five year anniversary of the Philadelphia soda tax last year, enough time has passed to examine its impact.

Effects of market powers and even in digital markets : The most important role of competition policy is to limit the effects of market powers, even in digital markets

Additional pleasure from succeeding holes drops : If you receive $18 worth of pleasure from the first hole of golf played in your additional pleasure from succeeding holes drops one dollar for each whole play

User Account

All Pages