Solved: What would be an example of an implicit cost you would incur, Microeconomics

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What would be an example of an implicit cost you would incur

Problem

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?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What would be an example of an implicit cost you would incur

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