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Implicit costs are: A Regarded as costs by accountants,but not economists. B Payments that a firm makes to other firms or individuals who supply resources
Implicit costs are:
A Regarded as costs by accountants,but not economists.
B Payments that a firm makes to other firms or individuals who supply resources to it.
C Opportunity costs such as the value of leisure time, or the highest and best use of the business's assets.
C Costs that vary proportionally with output.
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