a. Himaya resigned as an architect with a monthly salary of RM5000. He used his savings of RM120000 to start a restaurant in Kuching, Sarawak. The following information shows his estimated monthly expenses. Workers' salary RM2200 Electricity and water bill RM2500 Shop rent RM3000 Raw material RM6000 If saving interest is 5% a year, calculate the following cost in a month. i. Explicit cost ii. Implicit cost

a. Himaya resigned as an architect with a monthly salary of RM5000. He used his savings of RM120000 to start a restaurant in Kuching, Sarawak. The following information shows his estimated monthly expenses. Workers' salary RM2200 Electricity and water bill RM2500 Shop rent RM3000 Raw material RM6000 If saving interest is 5% a year, calculate the following cost in a month. i. Explicit cost ii. Implicit cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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