David's Financial Planner Tells Him That He Made a Profit

Multiple Choice

David's financial planner tells him that he made a profit of $31,300 running a ballroom dance studio in Sacramento. David's wife, an actuary, claims David lost $31,300 running his ballroom dance studio. This means his wife is claiming that he incurred _____ in _____ costs.

A) $62,600; implicit opportunity
B) $31,300; implicit opportunity
C) $31,300; explicit financial
D) $62,600; explicit financial