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24 October, 17:39

Implicit cost refers to

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Answers (2)
  1. 24 October, 18:22
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    Implicit cost is a term in economics that refers to the costs of an enterprise that do not require direct expenditure but, instead, result from a loss in potential revenue.
  2. 24 October, 20:54
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    Input costs that do not require an outlay of money by the firm
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