answersLogoWhite

0

What is explicit costs?

Updated: 8/30/2023
User Avatar

Wiki User

11y ago

Best Answer

explicit environment cost include the direct cost of modifying technology and processes, costs of clean up, disposal costs, fines by govt. agencies etc.

User Avatar

Blaze Welch

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is explicit costs?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Describe the differences between implicit costs and explicit costs?

Explicit costs are those that are a result of a product. Implicit costs are costs that are associated with a product, but they can't be directly linked to the product.


The costs of a firm that are paid directly in money are called?

Explicit costs!


What is explicit environmental costs?

explicit environment cost include the direct cost of modifying technology and processes, costs of clean up, disposal costs, fines by govt. agencies etc.


What are implicit and explicit?

Explicit costs are payments the firm makes for inputs such as wages and salaries to its employees, whereas implicit costs are non-expenditure costs that occur through the use of self owned resources such as foregone income.


The explicit costs of going to college include?

Tuition costs and the cost of books, whereas the implicit costs include foregone income.


What are the example explicit and implicit costs?

kamukha mo si oding


Cash expenditures a firm makes to pay for resources are called?

Explicit costs


Explicit costs are payments the firm makes for?

Inputs such as wages and salaries to its employees.


The sum of the explicit and implicit costs incurred in the production process is called?

Fixed


True or False. Accounting profit equals sales revenue minus explicit costs?

True


How do you find explicit cost?

Explicit cost is how much something costs to buy or to run. This is the cost only, with nothing else added. To find that cost, simply look up how much the product costs.


What are the Costs and risks of the database approach?

The costs and risks are of DB approach are categorised into 5 factors . They are * New specialized Personal * Installation and management cost and complexity * conversion costs * Need for explicit backup and recovery * organizational conflict