Business, 21.02.2020 03:57 seymani2

Angus works as a dairy farmer and loves his work. However, because the dairy business has not been doing well lately, Angus is considering changing careers. He could work as a technician at the local dairy plant and earn $27,000/year. Angus decides to make a list of the costs of staying in business as a farmer and asks you for help. Please classify each of Angus's costs as explicit or implicit. a. the wage he pays to his hired hand. b. the feed he buys for his cows. c. the gas he uses for his farm truck. d. the cost of veterinary care for his cows. e. the time it takes him to milk all of his cows. f. the 27000 annual salary he would receive from working at the dairy plant.

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Angus works as a dairy farmer and loves his work. However, because the dairy business has not been d...

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