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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST1 Mark
Question
Classify the following as implicit and explicit cost:
Employing an assistant to help in the hotel chain business.
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Answer

Explicit Cost

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