special issues

Maneesh 02 May 2020 at 11:12 AM

The definition of economic cost is
A)  The opportunity cost of all inputs minus the dollar cost of those inputs
B) All the dollar costs employers pay for all inputs purchased
C) The sum of all explicit and implicit costs of the business firm. 
D) The difference between all implicit and explicit costs of the business firm. 

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FACULTY 12 May 2020 at 01:33 PM

The sum of all explicit and implicit costs of the business firm. (option C)

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