Accounting Costs and Economic Costs Differ Because

Accounting costs and economic costs differ because

A) Accounting costs exceed economic costs whenever any factor is not paid an explicit wage.
B) Accounting costs include implicit costs,and economic costs do not.
C) Economic costs include the opportunity costs of all resources used,while accounting costs include actual dollar outlays.
D) Accounting costs include explicit costs,and economic costs do not.

Correct Answer:

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