Explicit costs are not easy to measure since they do not involve monetary payments.

Name: Explicit costs are not easy to measure since they do not involve monetary payments.
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Explicit costs are easy to measure because they involve monetary payments such as rent, wages, and material costs. It is implicit costs that are not easy to measure because they are non-monetary costs such as opportunity costs and time spent on a task.

Explicit Costs Are Not Easy to Measure Since They Do