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28 Nov 2020
Implicit and explicit costs are different in that:
A. explicit costs are opportunity costs; implicit costs are not.
B. implicit costs are opportunity costs; explicit costs are not.
C. the latter refers to non-expenditure costs and the former to monetary payments
D. the former refer to non-expenditure costs and the latter to monetary payments
Implicit and explicit costs are different in that:
A. explicit costs are opportunity costs; implicit costs are not.
B. implicit costs are opportunity costs; explicit costs are not.
C. the latter refers to non-expenditure costs and the former to monetary payments
D. the former refer to non-expenditure costs and the latter to monetary payments
Divya SinghLv10
13 Jan 2021
