Armand's Accountant Tells Him That He Made a Profit of $21,300

Multiple Choice

Armand's accountant tells him that he made a profit of $21,300 running a pottery studio in Boston. Armand's wife, an economist, claims Armand lost $21,300 running his pottery studio. This means his wife is claiming that he incurred _____ in _____ costs.

A) $42,600; implicit opportunity
B) $21,300; implicit opportunity
C) $21,300; explicit financial
D) $42,600; explicit financial