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Business, 07.10.2021 14:00 shay7298

Tony is a wheat farmer, but he spends part of his day teaching guitar lessons. He has more students requesting lessons than he has time to teach and still maintain his farm. Tony charges $25/hr for guitar lessons. One spring day he spend 10 hours in his fields planting $130 worth of seeds, from which he expects to produce $300 worth of wheat. What is the total opportunity cost of that day for Tony?

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