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Question 18 0.5 pts Jason bought a piece of land for $350,000 two years ago. Now, he is evaluating the idea to open an ice

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Question 18 0.5 pts Jason bought a piece of land for $350,000 two years ago. Now, he is evaluating the idea to open an ice cream shop on the land. On the other hand, Jason can earn $120,000 if he decides to sell the Land today. Outfitting the space for an ice cream shop would require a capital expenditure of $150,000 today. And, it require an initial investment of $30,000 in inventories today. Which of the following is considered as an opportunity cost to open the ice cream shop? the costs for milk, cream and yogurt that won will need to produce ke creams the $120.000 that Jason can earn by selling the land the initial capital expenditure of $150,000 to outfit the ice cream shop the purchase price of $350.000 Jason paid two years ago

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