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Mark owns a ranch in colorado that costs $3.76 million per year to operate. of that, his explicit cost equals $3.29 million. therefore, his actual monetary cost of running the ranch is:

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Mark's actual monetary cost for running a ranch in a year is $3.29 million. This is his explicit costs which means his direct costs made to pay for rent, materials and wages of his personnel.
User Ekaterina Prigara
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