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  3. wang purchased a bicycle for $100 five years ago.

Wang purchased a bicycle for $100 five years ago. Two people try to buy her...

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Question

Accounting

Wang purchased a bicycle for $100 five years ago. Two people try to buy her bicycle. The first person offers $45, and another offers $70. What is Wangs opportunity cost of keeping the bicycle?

Group of answer choices

$30

$115

$45

$70

Answer & Explanation Solved by verified expert
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