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Which of the Following Is an Explicit Cost in Jim's

Question 84

Multiple Choice

Which of the following is an explicit cost in Jim's business venture?


A) The interest Jim does not earn because he invested his savings in his business.
B) Jim's normal profit.
C) The salary Jim could have earned at another job.
D) The wages Jim pays his workers.
E) Answers A, B and D are correct.

Correct Answer:

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