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Imagine that you own your own business, or you are the manager of a company

Economics

Imagine that you own your own business, or you are the manager of a company. Please tell us about your firm, explain the product the production process. Please refrain from using the examples discussed in class (pizza shop, web design company, etc). Please provide concrete examples of the fixed costs and variable costs that are specific to YOUR firm. Please provide an example of sunk costs in YOUR firm and explain why they are sunk costs.

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