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  • 09-03-2018
  • Advanced Placement (AP)
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Implicit cost refers to

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kaylily101klmxspjm
kaylily101klmxspjm kaylily101klmxspjm
  • 09-03-2018
input costs that do not require an outlay of money by the firm
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jessicabrahmerp3ui0u
jessicabrahmerp3ui0u jessicabrahmerp3ui0u
  • 11-03-2018
Implicit cost is a term in economics that refers to the costs of an enterprise that do not require direct expenditure but, instead, result from a loss in potential revenue.
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