At the beginning of the year hank puts 100000 into an


At the beginning of the year, Hank puts $100,000 into an investment. At the end of the year, the investment is completed and he is given a check for $110,000. Meanwhile, Susan puts $100,000 in another investment, and receives $140,000.

In retrospect, what was Hank's opportunity cost?

a. $30,000 b. $40,000 c. $100,000 d. $110,000

Solution Preview :

Prepared by a verified Expert
Business Management: At the beginning of the year hank puts 100000 into an
Reference No:- TGS02569314

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)