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Your firm owns an old truck that is used to make local deliveries The truck is fully depreciated and only costs £3 20 per hour to operate but you could rent it to another firm for £15.00 per hour

Your firm owns an old truck that is used to make local deliveries. The truck is fully depreciated and only costs £3.20 per hour to operate, but you could rent it to another firm for £15.00 per hour. What is the opportunity cost of operating this truck in your business?

Feb 06 2020 View more View Less

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