Answer:
$61,000
Explanation:
Explicit costs are the direct expenses incurred in running a business. They have a determined dollar value that reflects on the business records. Explicit costs have a direct impact on profits.
Examples of explicit costs include rent, wages, raw materials, utilities, and other direct costs. For Chris, the direct (explicit )cost of his business will be the salary to the administrative secretary and rents office space (utilities included)
Explicit cost will be
=$25,000 +$36,000
=$61,000
