Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularlyenlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort theirvarious costs, listed below, into the correct category.Implicit CostsNot a CostExplicit Costs!QANⒸ2Advertising space taken outon a social networking websiteThe money they pay their neighbor'ssix year old son to deliver cupcakesto their customers.WS12#31680 F3EDX C$4888F4Rhis previous job designingThe salary Alex earned inlighting fixtures.LL25%UThe garage space usedfor baking that can nolonger be rented outto a college studentFSTDaA6V BYSupplies like sugar, butterand baking traysG HⒸ Previous Check Answer Next Exit87&44N17UJ*8∞3149K→19O1AAF10P

Explicit Costs are tangible, out-of-pocket expenses that a firm or an individual incurs when making…

Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their various costs, listed below, into the correct category. Implicit Costs Not a Cost Explicit Costs H Advertising space taken out on a social networking website his previous job designing The salary Alex earned in lighting fixtures. The money they pay their neighbor's six year old son to deliver cupcakes to their customers. Supplies like sugar, butter and baking trays The garage space used for baking that can no longer be rented out to a college student