A firm purchased copper pipes a few years ago at $2 per pipe and stored them, using them only as the need arises. The firm could sell its remaining pipes in the market at the current price of $8. What is the opportunity cost of each pipe and what is the sunk cost?
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Home » Business » A firm purchased copper pipes a few years ago at $2 per pipe and stored them, using them only as the need arises. The firm could sell its remaining pipes in the market at the current price of $8.