You decide to start a business that provides computer consulting advice for students in your residence hall.

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You decide to start a business that provides computer consulting advice for students in your residence hall. What would be an example of an explicit cost you would incur in operating this business? What would be an example of an implicit cost you would incur in operating this business?
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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