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Please provide a very simple and easy answer as possible for the questions (1 line Max) using basic English language. In which case the economical
Please provide a very simple and easy answer as possible for the questions (1 line Max) using basic English language.
- In which case the economical profit is larger than accounting profit?
- In which case implicit cost is bigger than explicit cost?
Note: All answer should be short (to the point only!!!) not accepting long answers.
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