To make a decision about opening a restaurant, what is the relevant cost for Aram? $50 thousand has been spent to date on renovating the place. Aram could be earning $ 100 thousand a year as a chef. Additional labor and other costs necessary to open the restaurant equal $ 60 thousand a year. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $ 160 thousand a b. $ 60 thousand $ 210 thousand $ 110 thousand $ 50 million

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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To make a decision about opening a restaurant, what is the relevant cost for Aram? $50 thousand has been
spent to date on renovating the place. Aram could be earning $ 100 thousand a year as a chef. Additional
labor and other costs necessary to open the restaurant equal $ 60 thousand a year.
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
$ 160 thousand
a
b.
$ 60 thousand
$ 210 thousand
$ 110 thousand
$ 50 million
Transcribed Image Text:To make a decision about opening a restaurant, what is the relevant cost for Aram? $50 thousand has been spent to date on renovating the place. Aram could be earning $ 100 thousand a year as a chef. Additional labor and other costs necessary to open the restaurant equal $ 60 thousand a year. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $ 160 thousand a b. $ 60 thousand $ 210 thousand $ 110 thousand $ 50 million
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