An explicit cost b an explicit cost only if you do

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Unformatted text preview: the new car? a.  Yes b.  No Ques*on 7 The *me you spend researching your new car purchase is defined as a.  an explicit cost. b.  an explicit cost only if you do the research at work. c.  an explicit cost only if you give up work *me to conduct the research. d.  an implicit cost. Ques*on 8 Each week you run an ad in the Sunday paper your customer count is higher by 50 customers per week. Each customer spends an average of $10 at your store. The cost of the ad is $300....
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