Solved: You will pay your labor 10000 and your capital 12000these, Business Economics

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You will pay your labor 10000 and your capital 12000these

Suppose you are thinking of starting a new business.You will need to give up your current job that pays you $20,000. You will pay your labor $10,000, and your capital $12,000.These are your only costs.You can produce 30 units that you can sell at $1000 a piece. How much is your opportunity cost?

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Business Economics: You will pay your labor 10000 and your capital 12000these

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Business Economics: You will pay your labor 10000 and your capital 12000these

Reference No:- TGS02212839

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