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Which of the following is an implicit cost in Jim's business venture? i.The salary Jim could have earned at another job. ii.The interest Jim must

Which of the following is an implicit cost in Jim's business venture?

i.The salary Jim could have earned at another job.

ii.The interest Jim must pay on the business loan he incurred on his business.

iii.The interest Jim lost when he used his savings to help open his business.

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