Junpei Needs $25,000 to Start Up His Own Business and Get

question 10

Multiple Choice

Junpei needs $25,000 to start up his own business and get it off the ground. He can either withdraw the money from his savings account, where he currently earns 3 percent, or he can take out a loan for $25,000 and pay 5 percent interest. Junpei should compare _____ and choose to _____.

• A)the implicit cost of $750 to the explicit cost of $1,250; use his savings
• B)the implicit cost of $750 to the explicit cost of $1,250; borrow the money
• C)the explicit cost of $750 to the implicit cost of $1,250; use his savings
• D)the explicit cost of $25,750 to the explicit cost of $26,250; borrow the money

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Definitions:

Supportive Emotional Climate

An environment where individuals feel emotionally supported, safe, and encouraged, often fostering positive interactions and outcomes.

Unconscious Conflicts

Internal struggles often stemming from repressed thoughts, feelings, or desires that manifest in various psychological symptoms.

Self-concept

An individual's perception of themselves, including their beliefs, feelings, and thoughts regarding their personalities and abilities.

Self-acceptance

The awareness and understanding of one's own strengths and weaknesses, marked by an individual's contentment with themselves.