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- Implicit_cost abstract "In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use factor of production which it already owns and thus does not pay rent for. It is the opposite of an explicit cost, which is borne directly. In other words, an implicit cost is any cost that results from using an asset instead of renting it out or selling it. The term also applies to foregone income from choosing not to work.Implicit costs also represent the divergence between economic profit (total revenues minus total costs, where total costs are the sum of implicit and explicit costs) and accounting profit (total revenues minus only explicit costs). Since economic profit includes these extra opportunity costs, it will always be less than or equal to accounting profit.Lipsey (1975) uses the example of a firm sitting on an expensive plot worth $10,000 a month in rent which it bought for a mere $50 a hundred years before. If the firm cannot obtain a profit after deducting $10,000 a month for this implicit cost, it ought to move premises (or close down completely) and take the rent instead. In calculating this figure, the firm ought to ignore the figure of $50, and remember instead to look at the land's current value.".
- Implicit_cost wikiPageID "2421479".
- Implicit_cost wikiPageLength "2172".
- Implicit_cost wikiPageOutDegree "16".
- Implicit_cost wikiPageRevisionID "682536240".
- Implicit_cost wikiPageWikiLink Accounting_profit.
- Implicit_cost wikiPageWikiLink Category:Costs.
- Implicit_cost wikiPageWikiLink Category:Economics_terminology.
- Implicit_cost wikiPageWikiLink Category:Time-based_economics.
- Implicit_cost wikiPageWikiLink Cost.
- Implicit_cost wikiPageWikiLink Cost_of_goods_sold.
- Implicit_cost wikiPageWikiLink Economic_profit.
- Implicit_cost wikiPageWikiLink Economics.
- Implicit_cost wikiPageWikiLink Explicit_cost.
- Implicit_cost wikiPageWikiLink Factor_of_production.
- Implicit_cost wikiPageWikiLink Factors_of_production.
- Implicit_cost wikiPageWikiLink Imputation_(economics).
- Implicit_cost wikiPageWikiLink Land_(economics).
- Implicit_cost wikiPageWikiLink Opportunity_cost.
- Implicit_cost wikiPageWikiLink Profit_(accounting).
- Implicit_cost wikiPageWikiLink Profit_(economics).
- Implicit_cost wikiPageWikiLink Theory_of_imputation.
- Implicit_cost wikiPageWikiLink Total_cost.
- Implicit_cost wikiPageWikiLinkText "Implicit cost".
- Implicit_cost wikiPageWikiLinkText "implicit cost".
- Implicit_cost hasPhotoCollection Implicit_cost.
- Implicit_cost wikiPageUsesTemplate Template:Reflist.
- Implicit_cost subject Category:Costs.
- Implicit_cost subject Category:Economics_terminology.
- Implicit_cost subject Category:Time-based_economics.
- Implicit_cost hypernym Cost.
- Implicit_cost type Organisation.
- Implicit_cost comment "In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use factor of production which it already owns and thus does not pay rent for. It is the opposite of an explicit cost, which is borne directly. In other words, an implicit cost is any cost that results from using an asset instead of renting it out or selling it.".
- Implicit_cost label "Implicit cost".
- Implicit_cost sameAs Implicit_költségek.
- Implicit_cost sameAs Koszt_ukryty.
- Implicit_cost sameAs m.07bxs2.
- Implicit_cost sameAs Implicitné_náklady.
- Implicit_cost sameAs Q744153.
- Implicit_cost sameAs Q744153.
- Implicit_cost sameAs 隐含成本.
- Implicit_cost wasDerivedFrom Implicit_cost?oldid=682536240.
- Implicit_cost isPrimaryTopicOf Implicit_cost.