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Izzydhindsa Izzydhindsa
wrote...
Posts: 457
5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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DryPhantomDryPhantom
wrote...
Posts: 382
5 years ago
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Izzydhindsa Author
wrote...
5 years ago
Exactly what I needed for my project, TYSM
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