Solve this : 14 â€‹A woman borrows money from a bank and starts a business in a building - Economics - Production and Costs

Question

Solve this :

14 â€‹A woman borrows money from a bank and
starts a business in a building owned by her She manages the
business herself What the explicit costs and implicit costs in it
directly identifiable ? Give reasons for your answer

Mayank Sharma · Accepted Answer

The interest on borrowings is the explicit cost and the salary to
look after the business and imputed rent of her building is the
implicit cost

Solve this : 14. ​A woman borrows money from a bank and starts a business in a building owned by her. She manages the business herself. What the explicit costs and implicit costs in it directly identifiable ? Give reasons for your answer.

Solve this :

14. A woman borrows money from a bank and starts a business in a building owned by her. She manages the business herself. What the explicit costs and implicit costs in it directly identifiable ? Give reasons for your answer.