Accounting costs include explicit costs only. Economic costs include explicit and implicit costs.

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Accounting costs include explicit costs only.

Economic costs include explicit and implicit costs.

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Oct 15, 2024 03:01 AM

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Accounting costs include explicit costs only. Economic costs include explicit and implicit costs.

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Microeconomics

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