A Young Chef Is Considering Opening His Own Sushi Bar

question 96

Multiple Choice

A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a storage building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. The chef's implicit costs are equal to _____.​

• A)$26,000
• B)$66,000​
• C)$78,000​
• D)$52,000​
• E)$72,000​