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Chapter7_practice

# Chapter7_practice - Practice Problems Chapter 7 Costs...

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Practice Problems Chapter 7: Costs MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Sarah earns \$40,000 per year working for a large corporation. She is thinking of quitting this job to work full time in her own business. She will invest her savings of \$50,000 (which currently has an annual 10% rate of return) into the business. Her annual opportunity cost of this new business is A) \$40,000. B) \$0. C) \$90,000. D) \$45,000. 1) 2) Johnny has worked as a CPA for five years and wants to open his own public accounting practice. The cost of his college degree in accounting represents 2) 3) If a firm buys a building so as to have office space for its workers, the monthly opportunity cost of the building is best measured as

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Chapter7_practice - Practice Problems Chapter 7 Costs...

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