8) Economic costs include costs, while accounting costs include Only implicit; both explicit and implicit O Both explicit and implicit; only implicit O Both explicit and implicit; only explicit Only explicit; both explicit and implicit costs.

8) Economic costs include costs, while accounting costs include Only implicit; both explicit and implicit O Both explicit and implicit; only implicit O Both explicit and implicit; only explicit Only explicit; both explicit and implicit costs.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

8) Economic costs include
costs, while accounting costs include
O Only implicit; both explicit and implicit
O Both explicit and implicit; only implicit
Both explicit and implicit; only explicit
Only explicit; both explicit and implicit
ο οοιο
costs.

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