First: True or False Questions, tick$-$mark your choice:

Explicit cost reflects the opportunity costs of using any resources the medical firm owns.

Implicit cost reflects any costs paid to others for used their resources in producing health care services.

Accountants consider only explicit costs of doing business when determining the accountant profits in health care firm.

Accountants consider only explicit costs of doing business when determining the economic profits in health care firm.

Economists consider only explicit costs of doing business when determining the economic profits in health care firm.

Economists consider both explicit and implicit costs of doing business when determining the economic profits in health care firm.

Economists consider both explicit and implicit costs of doing business when determining the accountant $n$ profits in health care firm.