If You Were to Start Your Own Business, Your Implicit

question 86

Multiple Choice

If you were to start your own business, your implicit costs would include the:

• A)rent that you have paid in advance for the use of a building.
• B)opportunity cost of the time you spend working at the business.
• C)profit you earn over and above your normal profit.
• D)interest that you pay on your business loans.

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