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Implicit cost opportunity cost (94) 사진

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Implicit costs are, O comprised entirely of actual expenses paid by the firm for its inputs., O opportunity costs of self-employed resources., O the same as economic costs., O always greater than ...

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Types of Cost The cost is what is given up when making an exchange. The money, products, services and time we give to the other party are what we usually call cost,

Relationship between Economic and Business/Accounting Profit ********************** ✍️At a general level, the idea of profit would emerge very clearly as Profit is the difference between revenues and costs. On nearer assessment, however,

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