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What is weekly opportunity cost of cutting lawns

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Suppose you run a lawn-cutting business and use solar-powered equipment that you could sell tomorrow for $5,000. Instead of cutting lawns, you could work as a janitor for $300 a week. You have a savings account that pays a weekly interest rate of 0.20 percent (or $0.002 per dollar. What is your weekly opportunity cost of cutting lawns?

  • $5,300
  • $300
  • $5,310
  • $310

Reference no: EM131966252

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