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i need help asap You are considering building a new hotel in Clemson. - Your family has owned the land for six generations. - You
i need help asap
You are considering building a new hotel in Clemson. - Your family has owned the land for six generations. - You paid a surveyor $5,000 to survey the land and you had soil tests run which cost another $2,000. - Blueprints for the hotel cost $100,000 last month. - Clearing the land is expected to cost $25,000. - Materials to build and furnish the hotel are expected to cost $1m. - You also own another hotel in the area which is expected to have lower occupancy if you build this hotel. Which of the above are relevant costs? Cost of blueprints Loss in revenue from other hotel Clearing the land Materials to build the hotel Cost of surveyor Opportunity cost of the land You are considering building a new hotel in Clemson. - Your family has owned the land for six generations. - You paid a surveyor $5,000 to survey the land and you had soil tests run which cost another $2,000. - Blueprints for the hotel cost $100,000 last month. - Clearing the land is expected to cost $25,000. - Materials to build and furnish the hotel are expected to cost $1m. - You also own another hotel in the area which is expected to have lower occupancy if you build this hotel. Which of the above are relevant costs? Cost of blueprints Loss in revenue from other hotel Clearing the land Materials to build the hotel Cost of surveyor Opportunity cost of the landStep by Step Solution
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