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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 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 its
implicit costs must be
A) $100.
B) $200.
C) $300.
D) $400
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