Please explain whether the following statements are true or false.

Part $2$

If the owner of a business pays himself no$$ salary, then the accounting cost is$$ zero, but the economic cost is positive.

Part $3$

This statement is

Part $4$

A$.$

true because economic costs include opportunity costs such as the value of the business$$ owner's time.

B$.$

false because

economiceconomic

costs include explicit costs.

C$.$

false because accounting costs include

opportunityopportunity

costs such as the value of the business$$ owner's time.

D$.$

false because economic costs include the same costs as accounting costs.

E$.$

true because economic costs include opportunity costs such as expenditures that cannot be recovered.