The basic difference between explicit and implicit costs

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The basic difference between explicit and implicit costs is

A. explicit costs are measurable, implicit costs are not.

B. explicit costs are fixed costs, implicit costs are variable costs.

C. explicit costs are private costs, implicit costs are social costs

D. implicit costs are measurable, explicit costs are not.

E. explicit costs reflect externally supplied resources, implicit costs reflect owner-supplied resources

Reference no: EM13984886

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