(Answered) Suppose you give up a job and use some savings to buy a

Economics

Suppose you give up a job and use some savings to buy a small bus which you drive on a remote rural route. Which of the following costs of your firm is an explicit cost?

a) The depreciation on the bus.

b) The wage of the job you gave up.

c) The fuel you buy for the bus.

d) The interest you earned on your savings before you used them to buy the bus

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Macroeconomics, Economics

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