Explicit Costs Would Include

Explicit costs would include:

A) rent.
B) the interest loss of the business owner on money withdrawn from his/her saving account and invested in the business.
C) the loss of rent on a building the business owner owns and uses in his/her business.
D) the opportunity costs of the business owner's time.
E) the use of tools owned by the business owner and dedicated to the business.

Correct Answer:

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