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 store building that he owns and currently rents to his brother for $6000 a year. His expenses at the sushi bar would be $50 000, for food and $2000 for gas and electricity. What are his implicit costs?
A) $26 000.
B) $66 000.
C) $78 000.
D) $52 000.
Correct Answer:
Verified
Correct Answer:
Verified
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