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Costs That Are Included in the Economic Concept of Cost

question 131

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Costs that are included in the economic concept of cost but that are NOT explicit costs are:


Definitions:

Clairvoyance

The supposed ability to gain information about an object, person, location, or physical event through extrasensory perception.

Psychokinesis

The purported psychic ability to move or manipulate objects with the mind without physical interaction, widely regarded as pseudoscience.

Precognition

The psychic ability to know or predict events before they happen, considered a paranormal phenomenon.

Telepathy

The supposed communication of thoughts or ideas without using the known sensory channels or physical interaction.

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