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Business, 23.06.2020 10:57 alyahmarie00

Jessica own a 10 acre property rents to a local sheep rancher for $10,000/year. She wants to use this money to expand her business by building a mall for $4 million. Jessica’s total implicit costs of the expansion plan are: A: the cost of construction of mall and fixed costs of the mall. B: the foregone rent and the cost of the mall. C: the foregone $10,000 from the sheep rancher.

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Jessica own a 10 acre property rents to a local sheep rancher for $10,000/year. She wants to use thi...
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