Question: Explicit costs differ from implicit costs in that * a. explicit costs are more important than implicit costs. b. explicit costs are what an accountant

Explicit costs differ from implicit costs in that *

a. explicit costs are more important than implicit costs.

b. explicit costs are what an accountant would consider costs and are usually less than implicit costs.

c. explicit costs are paid in money, but implicit costs are often non-paid opportunity costs.

d. implicit costs always present while some firms do not have any explicit costs.

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