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Differentiate between explicit and implicit cost Explain the importance of considering both types of cost to make economic decision Provide example of at least two
Differentiate between explicit and implicit cost Explain the importance of considering both types of cost to make economic decision Provide example of at least two explicit cost and two implicit cost
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
