PowerPoint Slides by Robert F. BrookerCopyright (c) 2001 by Harcourt, Inc. All rights reserved. The Nature of Costs Explicit Costs –Accounting Costs Economic.
Water Resources Planning and Management Daene C. McKinney Water Resource Economics.
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Prepared by Robert F. Brooker, Ph.D. Copyright ©2004 by South-Western, a division of Thomson Learning. All rights reserved.Slide 1 Managerial Economics.
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Unit 5 - Cost Functions Explicit Costs and Implicit CostsExplicit Costs and Implicit Costs Explicit cost are out-of-pocket expenses, such as labor, raw.
