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Implicit costs are defined by economists as nonmonetary opportunity costs. Why is it important for a firm to take these costs into consideration when evaluating
Implicit costs are defined by economists as nonmonetary opportunity costs. Why is it important for a firm to take these costs into consideration when evaluating a potential activity, when they don’t involve any monetary expense?
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Law for business and personal use
Authors: John E. Adamson
18th edition
538445887, 538445882, 9781111803131 , 978-0538445887
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