The opportunity cost of receiving RM10 in the future as opposed to getting that RM10 today is (choose the correct answer) a. the foregone interest that could be earned if you had the money today. b. the taxes paid on any earnings. c. the value of $10 relative to the total income of that person. d. the value of $10 relative to the total income of all persons.

The opportunity cost of receiving RM10 in the future as opposed to getting that RM10 today is (choose the correct answer) a. the foregone interest that could be earned if you had the money today. b. the taxes paid on any earnings. c. the value of $10 relative to the total income of that person. d. the value of $10 relative to the total income of all persons.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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