Max Shreck, an accountant, quit his $80,000-a-year job and bought an existing tattoo parlor from its previous owner, Sylvia Sidney. The lease has five years remaining and requires a monthly payment of $4,000. The lease
A) is a variable cost of operating the tattoo parlor.
B) is an implicit cost of operating the tattoo parlor.
C) is a fixed cost of operating the tattoo parlor.
D) is part of the marginal cost of operating the tattoo parlor.
C
Economics
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What will be an ideal response?
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A) should not; rapidly B) should not; slowly C) should; slowly D) should; rapidly
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