Jessica Simpson has decided to open a small fast food place that specializes in Buffalo wings. To do so she must resign from her current full time position which pays her $40,000/year and take over a small store-front building which she already owns but currently rents to her brother, Homer, for $6,000/year. Her annual expenses at the restaurant will be $50,000 for the food and $2,000 for gas and electricity. What are her explicit costs

$52,000

Explanation:

Explicit cost is the cost she incurs while setting up her resutrant.

=$50,000 + $2000 = $52,000

Her implicit cost or opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is what she would have been earning if she didn't leave her job.

I hope my answer helps you

answer; (cash) is the best out of the above; good luck

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability