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Suppose you are a manager of a factory.

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7. Suppose you are a manager of a factory. You purchase five (5) new machines at one million dollars each. If you can resell two of the machines for $500,000 each and three of the machines for $200,000 each, what are the sunk costs of purchasing the machines?

 

Paper#29835 | Written in 18-Jul-2015

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