Question

write deference between expliest cost and explain
cost​

Answer 1

Answer:

Explicit Costs are the costs which involve an immediate outlay of cash from the business. The cost is incurred when any production process is going on, or activity is conducted in the normal course of business. The cost is a charge for the use of factors of production like land, labour, capital and so on

Answer 2

Answer:

i hope this answers is correct