Use the Following Scenario to Answer the Following Questions

question 151

Multiple Choice

Use the following scenario to answer the following questions:
Babak owns a sports practice facility called Boston Batting Cages in Boston,Massachusetts.During the first year of operation,Boston Batting Cages incurred many costs.In that year,Babak spent $5,000 on labor,$2,000 on maintenance,and $1,000 on electricity.Babak took out a loan to open his business,in which he would have earned $1,500,and his previous job,which he could get back at any time,paid him $50,000.
-Boston Batting Cages incurred ________ in implicit costs.

• A) $9,500
• B) $7,000
• C) $51,500
• D) $8,000
• E) $50,000

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Definitions:

Conscious Attitude

The attitude one is aware of having and can readily express or communicate to others.

Unconscious Attitude

Attitudes and preferences that influence an individual's behavior without their conscious awareness.

Dramaturgical Perspective

A concept in sociology that likens social interaction to a theatrical performance, where individuals present themselves in a way that they hope will be accepted by others.

Theatrical Production

The process of creating and presenting a live performance, involving collaboration among various disciplines including acting, directing, and design.