Tatsumi88827
Tatsumi88827 Tatsumi88827
  • 14-11-2021
  • Social Studies
contestada

Define Implicit Cost ​

Respuesta :

Аноним Аноним
  • 14-11-2021

Implicit costs are imputed costs of self-owned and self-employed resources.

Example:

  • (i) Interest on entrepreneur's own capital.

  • (ii) Rent on entrepreneur's own land used in business.
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XxDEADLIST777
XxDEADLIST777 XxDEADLIST777
  • 15-11-2021

Answer:

[tex] \: \: [/tex]

Implicit Cost is the esteemed value of the inputs supplied by the owners including normal profit .

ƒσя єχαмρℓє :

  • Rent of own land

  • Salary for the services of entrepreneur

  • Interest on own capital.
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