2. You decide to start a business that provides computer consulting advice for students in your residence

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2. You decide to start a business that provides computer consulting advice for students in your residence hall.

What would be an example of an explicit cost you would incur in operating this business? What would be an example of an implicit cost you would incur in operating this business?

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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