Question: One difference between implicit cost and explicit is that: a) implicit costs are included in accounting profits, whereas explicit costs are not b) implicit costs

One difference between implicit cost and explicit is that:

a) implicit costs are included in accounting profits, whereas explicit costs are not

b) implicit costs are included in economic profits, whereas explicit costs are not

c) explicit costs are included in accounting profits, whereas implicit costs are not

d) explicit costs are included in economic profits, whereas implicit costs are not

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