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A college student is thinking about running an ice-cream truck over the summer.Which of the following would likely be an ongoing expense of the business?
Surfboards
Long, narrow boards used for riding waves in the sport of surfing.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing one option over another.
Production Possibility Frontier
A graph that shows the highest production potential for two different products based on specific resources and factors.
Technology
Application of scientific knowledge for practical purposes, especially in industry.
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