an enterer who managerhis firms has to forgo his salary,which he could have earned if he had worked elsewhere .the forgone isknwn as ?
1)implicit cost
2)explicit cost
3)hiden cost
4)actual cost
harish ragav (student-IPCC) (407 Points)
06 December 2012an enterer who managerhis firms has to forgo his salary,which he could have earned if he had worked elsewhere .the forgone isknwn as ?
1)implicit cost
2)explicit cost
3)hiden cost
4)actual cost
Abhimanyu Bind
(CA Final Student & Audit Assitant)
(2051 Points)
Replied 06 December 2012
1) Implicit Cost or Say Opportunity Cost
harish ragav
(student-IPCC)
(407 Points)
Replied 06 December 2012
even i cant understand wat is the question can u pls explain me hw it is implicit cost?