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Two Friends,Diane and Sam,own and Run a Bar

Question 46

Multiple Choice

Two friends,Diane and Sam,own and run a bar.Diane tends the bar on Mondays,Wednesdays,and Fridays and receives a wage in addition to tips.Sam tends the bar on Tuesdays,Thursdays,and Saturdays and receives only tips.Which of the following represents an implicit cost of operating the bar?


A) Diane's wages
B) Sam's time
C) Diane's tips
D) Sam's tips
E) Both Diane's and Sam's tips

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