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First of all, we need to understand what is explicit cost and implicit cost. Explicit cost mean real expenses, while implicit cost mean opportunity cost. In accounting profit, we only minus explicit cost, while in economic profit we minus explicit cost and implicit cost. therefore accounting profit is higher than economic profit.
Explicit costs are those that are a result of a product. Implicit costs are costs that are associated with a product, but they can't be directly linked to the product.
If you are in a shop and you find an item that does not have an explicit price, this does not mean that you do not have to pay for it. The best thing to do is find an employee of the store and inquire as to the price.
Inputs such as wages and salaries to its employees.
True
What advantages does being able to symbolize your argument provide.
explicit instructions; an explicit act of violence; explicit language.He was quite explicit as to what he expected us to do for him."generalizations that are powerful, precise, and explicit"
The word explicit is often used in the sense of sexually explicit.
explicit in Tagalog:maliwanag
An explicit theme is usually stated outright by a character in the play. (APEX)
explicit
Explicit Ills was created in 2008.
They were explicit in their criticisms of the plan. Explicit nudity or sexual activity is normally classed as pornography.
explicit is clearly stated and implicit is not clearly stated
'Explicit' is a Latin word meaning 'he, she, or it explains'.
no hypothesis is explicit because it is just a guess ~.~
explicit