Examlex
Identify a true statement about a pardon.
Implicit Costs
The opportunity costs associated with a company's use of resources that are not directly paid for or billed.
Implicit Cost
The opportunity costs that are not directly paid or incurred but represent the loss of alternative benefits when resources are used in a particular way.
Capital
A resource, such as equipment or buildings, used to produce goods and services.
Implicit Costs
The opportunity costs that are not directly paid for or visibly incurred in financial transactions but represent real costs to economic actors.
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