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Which of these options best reflects Jim's opportunity cost of operating his own business? a.The cost of hiring his laborers b.All of the responses are

Which of these options best reflects Jim's opportunity cost of operating his own business?

a.The cost of hiring his laborers

b.All of the responses are correct.

c.The total amount of money he spends to obtain capital equipment

d.The value of Jim's managerial skills that are used to run the business

Explain

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