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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 24
You purchase a new backpack for $75. The cash you sacrificed is a(n) _________.
A) Explicit cost
B) Implicit cost
C) Deferred cost
D) Accrued cost
A) Explicit cost
B) Implicit cost
C) Deferred cost
D) Accrued cost
Explanation
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Verified
Explicit cost is a direct payment made i...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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