Frank Owns a Dog-Grooming Business

question 88

Multiple Choice

Frank owns a dog-grooming business. Which of the following costs would be implicit costs? i) dog shampoo
Ii) rent on the storefront
Iii) wages Frank could earn as a substitute elementary-school teacher
Iv) interest that Frank's money was earning before he spent his savings to set up the dog­
Grooming business

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

---

Definitions:

Cystitis

Inflammation of the bladder, often caused by a urinary tract infection.

Glucose Positive

Indicates the presence of glucose in a sample, such as in a urine test, which can be a sign of diabetes when glucose is consistently found.

Protein Negative

A test result indicating the absence of proteins in a fluid, commonly referring to urine tests.

PH Of 6

Indicates a slightly acidic substance on the pH scale, which ranges from 0 (highly acidic) to 14 (highly basic or alkaline), with 7 being neutral.