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13 Jul 2018
These problems are useful for preparing for the exam. One problem from here will be chosen, at random, to be turned in during your discussion section. You will have 20 minutes to work on the problem, with help from others and the TA (if you choose). 1. While walking along the ring road you find a $100bill lying on the ground. You have must make the following choice: spend the money now, or put the money away for a year into your bank savings account and earn a 2% annual interest rate. What is the opportunity cost of spending the money now?
These problems are useful for preparing for the exam. One problem from here will be chosen, at random, to be turned in during your discussion section. You will have 20 minutes to work on the problem, with help from others and the TA (if you choose). 1. While walking along the ring road you find a $100bill lying on the ground. You have must make the following choice: spend the money now, or put the money away for a year into your bank savings account and earn a 2% annual interest rate. What is the opportunity cost of spending the money now?
1
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Deanna HettingerLv2
13 Jul 2018