John Moved His Office from a Building He Was Renting

question 184

Multiple Choice

John moved his office from a building he was renting downtown to the carriage house he owns behind his house.How will his profit change?

• A)Implicit costs will fall.
• B)Explicit costs will remain unchanged, while implicit costs will rise.
• C)Economic profit will fall.
• D)Explicit costs will rise.
• E)Accounting profit will rise.

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