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2 years ago

assume you decide to start a business and you quit your job that was paying you $60,000 a year. you pay $36,000 to the landlord

Business

1 answer:

marta [7]2 years ago

5 0

The implicit cost is $61,000.

<h3>What is the implicit cost?</h3>

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

When you decide to start the business, you forgo the amount you earned from your job and the interest you were earning.

$60,000 + 1,000 = $61,000

Please find attached the complete question. To learn more about implicit cost please check: brainly.com/question/25776323

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Instructions are listed below.

Explanation:

Giving the following information:

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<u />

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