If a firm has total costs of $535,000 and its implicit costs are $165,000, how much are its explicit costs

$370,000

Explanation:

A firm has a total costs of $535,000

The implicit costs are $165,000

Therefore, the explicit costs can be calculated as follows

Explicit costs= total costs-implicit costs

= $535,000-$165,000

= $370,000

Hence the firm's explicit cost is $370,000

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol