If you were to start your own business, your implicit costs would include the:
A)rent that you have paid in advance for the use of a building.
B)opportunity cost of the time you spend working at the business.
C)profit you earn over and above your normal profit.
D)interest that you pay on your business loans.

Question

Quizplus · Accepted Answer

Implicit costs are the opportunity costs of the resources supplied by the owner of the firm.

If You Were to Start Your Own Business, Your Implicit