The table below provides the total revenues and costs for a small landscaping company in a recent year.
TABLE 7-2
-Refer to Table 7-2.The explicit costs for this firm are
A)$178 500.
B)$186 500.
C)$186 900.
D)$217 300.
E)$217 700.

Question

The table below provides the total revenues and costs for a small landscaping company in a recent year.
  TABLE 7-2
-Refer to Table 7-2.The explicit costs for this firm are
A)$178 500. 
B)$186 500. 
C)$186 900. 
D)$217 300. 
E)$217 700.

Quizplus · Accepted Answer

The explicit costs are the total of all costs that involve a direct payment of money and are shown in the cost column of the table. Adding up all the costs, we get $186,500.

The Table Below Provides the Total Revenues and Costs for a Small