Business, 14.04.2020 22:04, Dweath50

What is the principle distinction between explicit costs and implicit costs? A. There is no real difference between explicit and implicit costs. B. Explicit costs are direct, out-of-pocket payments, while implicit costs are all foregone opporunity costs. C. Implicit costs must be paid immediately, but explicit costs need to be paid only in the long run. D. Implicit costs are usually larger than explicit costs.

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What is the principle distinction between explicit costs and implicit costs? A. There is no real dif...