Mika withdraws $100,000 from her trust fund to start up her own manicure business.The trust fund earns 4 percent interest.In order to properly account for all costs of her business,Mika must not forget:
A) the implicit cost of $104,000.
B) the implicit cost of $4,000.
C) the explicit cost of $104,000.
D) the explicit cost of $4,000.
Correct Answer:
Verified
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C)
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