Mika's Manicures Leases a Space in the Local Mall for $4,500

question 68

Multiple Choice

Mika's Manicures leases a space in the local mall for $4,500 a month.For this business,this expense would be considered an:

• A)explicit cost of $4,500.
• B)implicit cost of $4,500.
• C)explicit cost of $0.
• D)This is neither an implicit or explicit cost;it is a fixed cost of $4,500.

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Definitions:

Drastically Reduced

Significantly decreased or lessened in size, amount, or intensity in a very noticeable or extreme way.

Olfactory Adaptation

The process by which the sense of smell becomes accustomed to and less sensitive to a constant smell over time.

Sustentacular Cells

Supportive cells found in the germinal epithelium of the testis, assisting in the nourishment and regulation of sperm-producing cells.

Gustatory Hairs

Microscopic hairs located on taste buds that are sensitive to tastants in food, leading to the perception of taste.