A Young Chef Is Considering Opening His Own Sushi Bar

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 $6, 000 a year.His expenses at the sushi bar would be $50, 000 for food and $2, 000 for gas and electricity.What are his implicit costs?

A) $26, 000
B) $66, 000
C) $78, 000
D) $52, 000
E) $72, 000