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Bill Owns "Bill's Home of Blues" a Store That Specializes

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Question 72
Multiple Choice
arrowQuestion 72arrow
Multiple Choice

Bill owns "Bill's Home of Blues" a store that specializes in selling CDs and DVDs of blues musicians of the 1960s and 1970s.Bill took out a loan from his bank to pay for his store and its initial inventory.Bill pays the bank $900 per week for his loan.The $900 bank payment


A)is a long-run implicit cost.
B)is a fixed cost.
C)is a short-run implicit cost.
D)is a variable cost.

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