You have $100,000 in your bank account that was paying you 5% interest which you brought out to start your CD recording studio. Before starting the business, you were working with ABC recording where you were making $35,000.00 which you gave up, to start the business. Upon starting the business, you requested the assistance of your friend who is an accountant to do the accounting duties at a salary of $30,000.00. You bought 3,000 blank CDs at $10.00 each to record which you sold for $30.00 each after recording. 2. How much is the total implicit cost of doing this business? b. How much is the total explicit cost of doing this business? English (USA) INSRE STD o