​Sebastian Decides to Open a Tree Farm

question 386

Multiple Choice

​Sebastian decides to open a tree farm. When deciding to open his own business, he turned down two separate job offers of $25,000 and $30,000 and withdrew $20,000 from his savings. Sebastian's savings account paid 3 percent interest. He also borrowed $20,000 from his brother, whom he pays 2 percent interest per year. He spent $15,000 to purchase supplies and earned $50,000 in revenue during his first year. What are Sebastian's implicit costs from running his own business?

• A)​$30,600
• B)​$55,600
• C)​$50,000
• D)​$75,600

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Definitions:

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship as a way of exploring the unconscious.

Transference

An emotional reaction that occurs during psychoanalysis, in which the patient displays feelings and attitudes toward the analyst that were present in another significant relationship.

Self-Actualization

The pursuit of self-defined goals for personal fulfillment and growth.

Resistance

Opposition in psychotherapy, where the patient either consciously or unconsciously opposes discussing, recalling, or engaging with certain thoughts, feelings, or experiences.