Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Are Examples Of Explicit Cost?

COST examples explicit
0
Posted

What Are Examples Of Explicit Cost?

0 CommentsAdd a Comment

1 Answer

0

There are twp types of costs including explicit cost and implicit cost. Explicit costs are the costs which are also known as accounting costs. These costs are transacted in the form of money as compare to implicit costs. Examples of explicit costs include wages, rent and material costs etc.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123