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Sticky Note
Implicit cost is also known as ______?
مضمر لاگت ______ کے نام سے بھی جانا جاتا ہے؟
  1. Notional cost
  2. Component cost
  3. Opportunity cost
  4. None of these
Explanation
  • Implicit cost (also called notional cost) refers to the opportunity cost of using a resource that a company already owns, rather than incurring an explicit expense.
  • It includes foregone income, such as the potential rent lost when using a building for business instead of leasing it out.

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