Amy decides to open a bakery that will specialize in delicious gourmet brownies. Her explicit costs would include all of these EXCEPT the

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Explicit costs are direct payments made to others in the course of running a business, such as wages, rent, and materials. The interest earnings Amy forgoes by selling her savings bonds to finance her store represent an implicit cost, which is a type of opportunity cost.

Amy Decides to Open a Bakery That Will Specialize in Delicious