A teenaged babysitter is similar to a firm in a perfectly competitive industry in that, for both:

a. The implicit costs of production exceed the explicit costs of production

b. Average costs of production do not change when their industry expands

c. Fixed costs are lower than variable costs

d. There are many other suppliers of similar goods or services

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.