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.If you are charging $400 for skis and you sell 1,000 skis in a year. The explicit costs for the ski business, including insurance, taxes
.If you are charging $400 for skis and you sell 1,000 skis in a year. The explicit costs for the ski business, including insurance, taxes and paying wages to employees, equals $250,000, while the implicit cost of the ski business is the $150,000 job you had forgone being an attorney for the state of Rhode Island. Based on these figures, what is happening here?
a. You are making breaking even.
b. You are making a profit.
c. You are making a loss.
d. None of the above.
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