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Implicit Costs-Value of time

Congratulations! You have made a fortune after establishing the firm which publishes bestselling books of the economic poetry. Your implicit costs comprise: (1) Salaries for your firm’s website designer. (2) The value of your time. (3) Fees for cleaning the services which you have outsourced. (4) Rent you pay on your organization building. (5) Electricity to running huge offset printers.

Find out the right answer from the above options.

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