Chandler Sanders
08/13/2024 · High School

Explicit costs and implicit costs: a. are alike in that both represent opportunity costs b. differ in that only explicit costs are deducted from revenue to find economic profit c. are alike in that both reflect an outlay of cash d. are alike in that both are deducted from revenue to find accounting profit

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b. differ in that only explicit costs are deducted from revenue to find economic profit

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