uTube Maps Fundamentals of Agricultural and Applied Economics III Test: Midterm 3 Question 1 of 2 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 implicit costs must be O A. $50 OB. $100. O C. $250. OD. $350