John moved his office from a building he was renting downtown to the carriage house he owns behind his house.How will his profit change?
A)Implicit costs will fall.
B)Explicit costs will remain unchanged, while implicit costs will rise.
C)Economic profit will fall.
D)Explicit costs will rise.
E)Accounting profit will rise.

Question

Quizplus · Accepted Answer

The Answer of John moved his office from a building he was renting downtown to the carriage house he owns behind his house.How will his profit change?
A)Implicit costs will fall.
B)Explicit costs will remain unchanged, while implicit costs will rise.
C)Economic profit will fall.
D)Explicit costs will rise.
E)Accounting profit will rise.

John Moved His Office from a Building He Was Renting