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Ashlee Carroll
Advanced Placement (AP)
15 April, 07:24
Implicit cost refers to
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Sophie Le
15 April, 07:28
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Input costs that do not require an outlay of money by the firm
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Aisha Lewis
15 April, 07:37
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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.
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