A young chef is considering opening his own restaurant. To do so, he would have to quit his current job at $20 000 a year and take over a store building he owns that currently rents for $6 000 a year. To run the restaurant he would have to pay $50 000 for food and $2 000 for gas and electricity. What are his implicit costs?______.
A.$26 000
B.$72 000
C.$78 000
D.$52 000
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