Question

among the following,what is the implicit cost to a fiem?​

Answer 1

Answer:

An implicit cost, also called an imputed cost and payment is not made other, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use a factor of production for which it already owns and thus does not pay rent.

Answer 2

Answer:

An implicit cost is any cost that has already occurred but not necessarily shown or reported as a separate expense. It represents an opportunity cost that arises when a company uses internal resources toward a project without any explicit compensation for the utilization of resources.