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Mohammad inherited 1 acre of land from his father who had paid 10,000 cash for the land back in 1991. Today, land in that area
Mohammad inherited 1 acre of land from his father who had paid 10,000 cash for the land back
in 1991.
Today, land in that area sells for 200,000 per acre. What is the opportunity cost to Mohammad
of keeping the land?
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