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wrote...
Posts: 158
2 months 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
Author:
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Posts: 175
2 months ago
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the value of the next-best alternative uses of inputs.
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2 months ago
Exactly what I needed for my project, TYSM
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