Costs included in the economic concept of cost but that are not an explicit cost are:

Question

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Implicit costs, such as opportunity costs, are not actual expenses paid out by a firm but still represent the cost of utilizing resources in a certain way. Outlay costs (A) are explicit costs, representing actual expenses paid out. Accounting profits (B) only consider explicit costs and do not account for implicit costs. Economic profits (D) take into account both explicit and implicit costs.

Costs Included in the Economic Concept of Cost but That