use the following information for Werner's Wonderful Wrstchen, a hot

dog stand that has been a downtown institution for 50 years.

Cost of supplies and other materials $10,000

Rent $20,000

Wages paid $25,000

Interest on a $10,000 bank loan $ 1,000

Werner's salary offer from a competitor $20,000

A17. Which one of the following is the total explicit (accounting) cost of running Werner's Wonderful

Wrstchen?

(a) $11,000.

(b) $36,000.

(c) $56,000.

(d) $76,000.