John moved his office from a building he was renting downtown to the carriage house he owns in back of his house.How will his profit change?
A)Implicit costs fall.
B)Explicit costs remain unchanged while implicit costs rise.
C)Economic profit must fall.
D)Explicit costs rise.
E)Accounting profit will rise.

Question

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The Answer of John moved his office from a building he was renting downtown to the carriage house he owns in back of his house.How will his profit change?
A)Implicit costs fall.
B)Explicit costs remain unchanged while implicit costs rise.
C)Economic profit must fall.
D)Explicit costs rise.
E)Accounting profit will rise.

John Moved His Office from a Building He Was Renting