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What is the economic cost of running business

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You resigned from your $100,000 per year job to open up your own business. To run your business, you used office space that you had inherited from your family, saving $30,000 in rental expense. In your first year you have spent $40,000 for an assistant and $10,000 for utilities and office material. What is the economic cost of running your business for one year?

Reference no: EM133240968

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