Respuesta :

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.

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.