Indu dhiman Asked a Question
May 5, 2021 1:41 pmpts 30 pts
if there are implicit costs of production then accounting profit will exceed economic profit explain it ?
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  • Reshma gupta thankyou
    1- explicit costs = payments to nonowners for resources The monetary payment a firm must make to an outsider to obtain a resource. 2. implicit costs = what self-employed resources ...
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  • Indu dhiman
    explain this
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