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What is meant by implicit costs? - Economics

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प्रश्न

What is meant by implicit costs?

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उत्तर

Costs related to the use of the entrepreneur's own resources are called implicit costs. These expenses are not paid to external parties.

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पाठ 8: Cost Theory Analysis - TEST QUESTIONS [पृष्ठ २३]

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आर. के. लेखी आणि पी. के. धर Economics [English] Class 12 ISC
पाठ 8 Cost Theory Analysis
TEST QUESTIONS | Q A. 8. | पृष्ठ २३
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