Why Is It Important To Differentiate Between Explicit And Implicit Cost? Classify The Following Costs As Explicit Or Implicit. Explain Your Answer. Susan Withdrew $100,000 Dollars From Her Savings Bank Account To Start Her Business. Company A Spent 1 Bill - 道道学堂问答

Why Is It Important To Differentiate Between Explicit And Implicit Cost? Classify The Following Costs As Explicit Or Implicit. Explain Your Answer. Susan Withdrew $100,000 Dollars From Her Savings Bank Account To Start Her Business. Company A Spent 1 Bill

匿名用户最后更新于 2021-11-29 14:46 经济Economics

Why is it important to differentiate between explicitand implicit cost?
Classify the following costs as explicit or implicit.Explain your answer.

Susan withdrew $100,000 dollars from her savings bankaccount to start her business.
Company A spent 1 billion dollars on raw materials forits business.
$10,000 a month in water bills paid by companyA.
The owner of a business spent the weekend maintaininghis machinery.

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