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The Fischer projection for fructose is shown below.Is it a D-sugar or an L-sugar?
Implicit Costs
The opportunity costs of using resources owned by the firm for its own operations, without direct payment but with foregone opportunities.
Explicit Costs
Direct, out-of-pocket payments for wages, rent, and materials, among others, involved in the production of goods or services.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision or choice.
Implicit Costs
Indirect, non-out-of-pocket expenses which represent the opportunity costs of using resources owned by the firm for its operations.
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