The opportunity cost of receiving $100 next year as opposed to getting $100 today is: the foregone interest that could be earned if you had the money today. the taxes paid on any earnings. the value of $100 relative to the total income of that person. the value of $100 relative to the total income of all persons.

The opportunity cost of receiving $100 next year as opposed to getting $100 today is: the foregone interest that could be earned if you had the money today. the taxes paid on any earnings. the value of $100 relative to the total income of that person. the value of $100 relative to the total income of all persons.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 1.3P

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		the foregone interest that could be earned if you had the money today.
		the taxes paid on any earnings.
		the value of $100 relative to the total income of that person.
		the value of $100 relative to the total income of all persons.