A firm produces 8000 units of output which it sells for 150, Business Economics

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A firm produces 8000 units of output which it sells for 150

A firm produces 8000 units of output, which it sells for $1.50 each. It produces this output using only labor and capital, and pays $7000 to its labor and $1500 to its capital. The firm's owner feels she could make $4,000 working somewhere else. What is the implicit cost?

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Business Economics: A firm produces 8000 units of output which it sells for 150

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