Mika's Manicures leases a space in the local mall for $4,500 a month.For this business,this expense would be considered an:
A) explicit cost of $4,500.
B) implicit cost of $4,500.
C) explicit cost of $0.
D) This is neither an implicit or explicit cost;it is a fixed cost of $4,500.
Correct Answer:
Verified
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