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All of the following are considered implicit costs, except: a) paying rent on an existing building. b) interest that could have been earned from the
All of the following are considered implicit costs, except: a) paying rent on an existing building. b) interest that could have been earned from the savings alcount if the money were not used on the existing business. c) the wages the entrepreneur could have earned if he or she chose to pursue a career in corporate America. d) forgone interest income if one puts deposit in a bank account
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