Pete Owns a Shoe-Shine Business

question 165

Multiple Choice

Pete owns a shoe-shine business. Which of the following costs would be implicit costs? i) shoe polish
Ii) rent on the shoe stand
Iii) wages Pete could earn delivering newspapers
Iv) interest that Pete's money was earning before he spent his savings to set up the shoe­shine business

• A) i) and ii) only
• B) iv) only
• C) iii) and iv) only
• D) i), ii), iii), and iv)

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Definitions:

Checkpoint Genes

Checkpoint genes are parts of the cellular machinery that regulate the cell cycle's critical checkpoints to ensure accurate DNA replication and division.

BRCA1

A gene located on chromosome 17, playing a critical role in the repair of DNA breaks; mutations can significantly increase the risk of breast and ovarian cancer.

BRCA2

A gene located on chromosome 13 that produces a protein involved in DNA repair and plays a key role in maintaining the genetic stability of cells.

Mitotic Spindle

A structure composed of microtubules that segregates chromosomes into daughter cells during mitosis.