One Difference Between Implicit Costs and Explicit Costs Is That

Multiple Choice

One difference between implicit costs and explicit costs is that:

A) implicit costs are included in profits that accountants compute, whereas explicit costs are not.
B) implicit costs are included in economic profits, whereas explicit costs are not.
C) explicit costs are included in profits that accountants compute, whereas implicit costs are not.
D) explicit costs are included in economic profits, whereas implicit costs are not.
E) explicit costs involve opportunity costs, whereas implicit costs involve a monetary transaction.