Suppose Eastland College Does Not Have a Summer Program and Could

question 16

Multiple Choice

Suppose Eastland College does not have a summer program and could rent out the campus to various summer sports camps for $100,000.The potential revenue of the summer camps represents a(n) :

• A)implicit cost of capital.
• B)explicit cost.
• C)total cost.
• D)sunk cost.

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Number 4

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