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Adam is the owner of a small grocery store in a busy section of Boulder, Colorado. Adam's annual revenue is N200,000 and his total explicit
Adam is the owner of a small grocery store in a busy section of Boulder, Colorado. Adam's annual revenue is N200,000 and his total explicit cost (Adam pays himself an annual salary of N30,000) is $180,000 per year. A supermarket chain wants to hire Adam as its general manager for N60,000 per year. The opportunity cost to Adam of owning and managing the grocery store is ________
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