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Ryanteck Ryanteck
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7 years ago
The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin. Its explicit costs for producing 300 muffins are $250. If the bakery is earning a normal rate of return, then implicit costs must be
A) $50.
B) $100.
C) $250.
D) $350
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Akshtsaklani21Akshtsaklani21
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7 years ago
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