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.