The Cost of a Toy Store Business. Tom left a job paying $50,000 per year to start his own toy store in a building he owns. The market value of the building is $300,000. He pays $60,000 per year for...

The Cost of a Toy Store Business. Tom left a job paying $50,000 per year to start his own toy store in a building he owns. The market value of the building is $300,000. He pays $60,000 per year for toys and other supplies, and has a bank account that pays 3  percent interest. The annual economic cost of Tom’s business is __________. (Related to Application 1 on page 61.)