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What are explicit costs

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A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $50 000 a year, and take over a store building that he owns and currently rents to his brother for $9000 a year. His expenses at the sushi bar would be $30 000 for food and $5000 for gas and electricity. What are his explicit costs?

Reference no: EM133250634

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