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asambeis [7]
3 years ago
14

A difference between explicit and implicit costs is that a) explicit costs must be greater than implicit costs. b) explicit cost

s do not require a direct monetary outlay by the firm, whereas implicit costs do. c) implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do. d) implicit costs must be greater than explicit costs.
Business
1 answer:
Andrej [43]3 years ago
8 0

Answer:

Implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.

Explanation:

Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.

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To find the PV using a financial calculator:

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A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the begin
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Answer:

$2.30

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