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wrote...
Posts: 71
2 weeks ago
Implicit costs are measured by

• the value of the next-best alternative uses of inputs.

• the lowest value of all alternative uses of inputs.

• actual expenses paid by a firm.

• total revenues minus total costs.
Source  Download
Economics Today: The Micro View
Edition: 19th
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Posts: 65
2 weeks ago
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the value of the next-best alternative uses of inputs.
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wrote...
2 weeks ago
Exactly what I needed for my project, TYSM
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