What Is an Explicit Cost

question 145

Multiple Choice

What is an explicit cost?

• A)A cost that is actually paid out in money.
• B)A cost that is not actually paid out in money.
• C)A historical cost of buying equipment for production that has no current resale value.
• D)The annual cost of any asset that is expected to be in use for more than a year.

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Definitions:

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