Economy, asked by deeptiranidas004, 5 months ago

Q8 Explicit cost and implicit
cost are same.True or false
with reason
plzz answer it correctly soon it's vry important​

Answers

Answered by aarushchoudhary59
5

Explanation:

The main difference between the two types of costs is that implicit costs are opportunity costs, while explicit costs are expenses paid with a company's own tangible assets. This makes implicit costs synonymous with imputed costs, while explicit costs are considered out-of-pocket expenses.

Answered by Feirxefett
11

The main difference between the two types of costs is that implicit costs are opportunity costs, while explicit costs are expenses paid with a company's own tangible assets. This makes implicit costs synonymous with imputed costs, while explicit costs are considered out-of-pocket expenses.

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