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Moira wants to own a motel. She invested $200,000 last year in the motel business, $150,000 from savings and $50,000 from borrowing Interest rate for

Moira wants to own a motel. She invested $200,000 last year in the motel business, $150,000 from savings and $50,000 from borrowing Interest rate for both savings and borrowings is 10% Identify and calculate yearly implicit and explicit costs Explicit cost is Implicit cost is

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