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(Solved): Sammy runs a musical dinner theater. Last year, he earned $50,000 in revenue and had explicit costs ...



Sammy runs a musical dinner theater. Last year, he earned $50,000 in revenue and had explicit costs of $20,000. Sammy could have made $37,500 working for the sanitation department and received an additional $2,000 if he rented out the store and equipment. Calculate Sammy’s implicit costs. $



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