The following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker = $48,000Annual lease on building = $20,000Annual revenue from operations = $280,000Payments to workers = $118,000Utilities (electricity, water, disposal)costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business = $6,000Creamy Crisp's explicit costs are

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Explicit costs are the direct, out-of-pocket payments made by a business. For Creamy Crisp, these include the lease on the building ($20,000), payments to workers ($118,000), and utilities ($8,000), totaling $146,000.

The Following Is Cost Information for the Creamy Crisp Donut