Implicit costs are __________.

Ubiquitous

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Incremental cost

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Differential costs

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Opportunity costs

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Solution

The correct option is A Ubiquitous
Implicit cost arises when funds are used. Viewed in this perspective, Implicit costs are ubiquitous.

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Implicit costs are __________.

The correct option is A UbiquitousImplicit cost arises when funds are used. Viewed in this perspective, Implicit costs are ubiquitous.

The correct option is A Ubiquitous
Implicit cost arises when funds are used. Viewed in this perspective, Implicit costs are ubiquitous.