A university should not disband its football team if it has already paid for the stadium

Anthony decides to open a café in his garage. He takes the help of his friend, Tess, who agrees to wait on customers for the initial few months. Which of the following is an example of an explicit cost that Anthony could possibly incur?

a. The salary that Anthony could have received by working at a bake house b. The salary that Tess could have received by working at any other café c. The price of ingredients required by Anthony d. The payment that Anthony could have received by renting out his garage to a start up

The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption, and government spending remains the same and Alpetra is a closed economy, what is the change in investment?

a. $50 million b. $100 million c. No change d. Cannot be determined from the information given