Use examples to define what economists refer to as implicit costs. If there is no dollar expenditure for these costs, why are they important to decision making?

Name: Use examples to define what economists refer to as implicit costs. If there is no dollar expenditure for these costs, why are they important to decision making?
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

The Answer of Use examples to define what economists refer to as implicit costs. If there is no dollar expenditure for these costs, why are they important to decision making?

Use Examples to Define What Economists Refer to as Implicit