The winning bid for a house at a bank auction was $10.  But the house was not in good condition.  The couple had to pay $65,000 in explicit expenses and spend many months doing the repairs.  The time cost or lost wages are $10,000.  What is the market value of the house after repairs are done?   Explicit expenses = $65,000    Bid =         $10       Time Cost (Lost Wages) =     $  ?  Market Value of House =    Y (after expenses & repairs) Y = ?

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