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Jose can spend $100,000 to open his own business or he can put the $100,000 in the bank and earn $1500 in interest every year.

Jose can spend $100,000 to open his own business or he can put the $100,000 in the bank and earn $1500 in interest every year. The $1500 is

Sunk cost

Opportunity cost

Relevant cost

Product cost

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