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Mabel Has the Following Information to Evaluate-Her Current Salary of $63,000

question 202

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Mabel has the following information to evaluate-her current salary of $63,000 versus total revenues of $120,000 and expenses of $75,000 from starting a new business.How much is the opportunity cost associated with starting the new business?

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Definitions:

Independent Variable

An independent variable is a variable in an experiment or model that is manipulated to observe its effect on the dependent variable.

Same Sex Marriage

The legally or socially recognized marriage between two individuals of the same biological sex or gender identity.

Church Attendance

The act of going to church services which is sometimes tracked for sociological research or personal behavior analysis.

Dependent Variable

A variable whose value is dependent on the effects of one or more independent variables in an experiment or study.

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