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How much is your opportunity cost

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Reference no: EM131416219

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?

Reference no: EM131416219

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