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What is implicit cost

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What is implicit cost

    • Posted by Huzaifa Zainul 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Inder Yadav 5 years, 8 months ago

    This is the cost which we add in our book but we can't spend anything. For example: one day our ane labour is absent for emergency so we can do the work in place of labour and we can't get any money but we note in our transaction.

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