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Kool DJ Services have budget constraints and have to choose from one of the two projects identified as below: Project 1: Renovate the studio, which

Kool DJ Services have budget constraints and have to choose from one of the two projects identified as below: Project 1: Renovate the studio, which will have an increase in revenue by $ 120,000


Project 2: Replenish new equipment, which will have an increase in revenue by $100,000Given this choice, the owner of the business Mr. Kool, chose to proceed with Project 1.


What is the opportunity cost?

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