The Cost of a Flower Business. Jen left a job paying $40,000 per year to start her

Question:

The Cost of a Flower Business. Jen left a job paying

$40,000 per year to start her own florist shop in a building she owns. The market value of the building is

$200,000. She pays $30,000 per year for flowers and other supplies, and has a bank account that pays 8 percent interest. The annual economic cost of Jen’s business is ________________. (Related to Application 1 on page 33 .)

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