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19 July, 01:01

Zelda is a recent fashion graduate. She started her own apparel store with an investment of $300,000. In the first year she made a profit of $60,000. If she had taken up a job as a fashion editor for a magazine, she would have earned $50,000 as salary per year. Also, she could have invested her capital, $300,000, in treasury bonds and earned an interest of $12,000. Thus, the amount $62,000 ($50,000 + $12,000) would be Genevieve's :

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  1. 19 July, 04:36
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    Answer: The amount $62,000 ($50,000 + $12,000) would be Genevieve's Opportunity Cost

    Explanation:

    Opportunity cost is the next best alternative foregone.
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