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    Business
  3. Study Set
    Economics for Managers
  4. Exam
    Exam 5: Production and Cost Analysis in the Short Run
  5. Question
    The Full Opportunity Costs of Production Are Calculated as the Sum
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The Full Opportunity Costs of Production Are Calculated as the Sum

Question 51

Question 51

True/False

The full opportunity costs of production are calculated as the sum of both explicit and implicit costs.

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