Question: 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

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: 1. a variable cost 2. a fixed cost 3. a product cost 4. an opportunity cost

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