Question: 23 (1 point) An explicit cost is: O omitted when accounting profits are calculated a payment made for resources not owned by the business itself

23 (1 point) An explicit cost is: O omitted when accounting profits are calculated a payment made for resources not owned by the business itself an implicit cost to the resource owner who receives that payment always in excess of a resource's opportunity cost O the only cost taken into account when economic profits are calculated

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