Explicit Costs Would Include

question 211

Multiple Choice

Explicit costs would include:

• A) rent.
• B) the interest loss of the business owner on money withdrawn from his/her saving account and invested in the business.
• C) the loss of rent on a building the business owner owns and uses in his/her business.
• D) the opportunity costs of the business owner's time.
• E) the use of tools owned by the business owner and dedicated to the business.