Question: The basic difference between explicit and implicit costs is Group of answer choices a. explicit costs are measurable, implicit costs are not. b. implicit costs

The basic difference between explicit and implicit costs is

Group of answer choices

a. explicit costs are measurable, implicit costs are not.

b. implicit costs are measurable, explicit costs are not.

c. explicit costs reflect external supplied resources, implicit costs reflect owner-supplied resources.

d. explicit costs are private costs, implicit costs are social costs.

e. explicit costs are fixed costs, implicit costs are variable costs.

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