Order the answer to: Your aunt is thinking about opening a hardware store. She

Assignment Help business-economics Order the answer to: Your aunt is thinking about opening a hardware store. She

business-economics

Order the answer to: Your aunt is thinking about opening a hardware store. She

Question Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. a. Define opportunity cost. b. What is your aunt’s opportunity cost of running a hardware store for a year? If your aunt thought she could sell $510,000 worth of merchandise in a year, should she open the store? Explain.
Subject business-economics
Ready to try a high quality writing service? Get a discount here