Which uf the follwin is not aexplicit cost for the owncr of

Which uf the follwin is not aexplicit cost for the owncr of a clothing retail store? \' U Rent on the retail space Wages for employees Time the owner spends working Tax payments to the government Fees for accountant ·

Solution

Answer: C: Time the owner spends working.

Explanation: The Explicit cost could be defined as any payment which is directly paid to others in order to run any business. For example: Salary, wages, raw materials, rent, etc. Hence, Option C is not an explicit cost.

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