Which of the following costs is an explicit cost for you? you hire a worker who could have received the same wage working for your competitor. you decide to use an extra room for your business that you could have rented out to your neighbor. you spend your time running your own business even though a large corporation offered you a generous contract. you raise cattle on your family-owned farm even though you could sell your land to a developer.

Option A

Explanation: Explicit cost refers to those payments that are directly made to others for running the business course. These are usually those cost which are unavoidable and includes rent, wage etc. Thus hiring and paying a worker is an explicit cost.

All other options are examples of implicit or opportunity cost.

Hence the correct option is A.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answerthe united states of america;