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Arya Makes Earrings in the Shape of the Mascot of a Local

question 72

True/False

Arya makes earrings in the shape of the mascot of a local university. Last year, Arya made 250 pairs of earrings, which she sold to the university bookstore for $10 each. Arya works out of her home with material cost of $3 per pair and $85 for tax help. If Arya did not produce earrings, she would spend her time watching television. Based on this information, Arya's implicit cost is zero.


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