question archive The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin
The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin
Subject:EconomicsPrice: Bought3
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 its
implicit costs must be
A) $100.
B) $200.
C) $300.
D) $400
