Business, 10.10.2019 03:00, therronvictorjr
Explicit costs are payments the firm makes for outputs such as desks for its employees, whereas implicit costs are expenditure costs that occur for services such as travel expenses for its employees. inputs such as wages and salaries to its employees, whereas implicit costs are nonexpenditure costs that occur through the use of self-owned resources such as forgone income. outputs such as desks for its employees, whereas implicit costs are nonexpenditure costs that occur through the use of self-owned resources such as forgone income. inputs such as wages and salaries to its employees, whereas implicit costs are expenditure costs that occur for services such as travel expenses for its employees.
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Explicit costs are payments the firm makes for outputs such as desks for its employees, whereas impl...
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