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.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter27: Investment, The Capital Market, And The Wealth Of Nations

Section: Chapter Questions

Problem 10CQ

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