Which of the following is an example of an agency relationship? - a friendly competition between rival businesses - partners who start a business together - someone who negotiates on another’s behalf - a client that ends a transaction with one business to start another

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase