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Business, 24.04.2020 23:04, themachine14
Which of the following statements is true ? A) Explicit costs are accounting costs, not economic costs; implicit costs are economic costs, not accounting costs. B) Economic costs include both explicit costs and implicit costs. C) An explicit cost is an actual cost; an implicit cost is a theoretical cost. D) An explicit cost is more important, dollar for dollar, than an implicit cost.
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Answers: 3
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Which of the following statements is true ? A) Explicit costs are accounting costs, not economic cos...
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