Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device. The salary that Mark earns at his present employ is:
a. a variable cost
b. a fixed cost
c. a product cost
d. an opportunity cost
Answers: 1
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Mark is an engineer who has designed a telecommunications device. He is convinced that there is a bi...
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