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词条 Explicit cost
释义

  1. References

An explicit cost is a direct payment made to others in the course of running a business, such as wage, rent and materials,[1] as opposed to implicit costs,land lassanare those where no actual payment is made.[2] It is possible still to underestimate these costs, however: for example, pension contributions and other "perks" must be taken into account when considering the cost of labour.[2]

Explicit costs are taken into account along with implicit ones when considering economic profit. Accounting profit only takes explicit costs into account.[1]

See also-

  • Implicit cost

References

1. ^{{cite book|last=Carbaugh|first=Robert J.|title=Contemporary economics: an applications approach|url=https://books.google.com/books?id=9Pascy_5HUMC&pg=PA94|accessdate=3 October 2010|date=January 2006|publisher=Cengage Learning|isbn=978-0-324-31461-8|page=94}}
2. ^{{Cite book|title=An introduction to positive economics|edition=fourth|pages=214–7|first=Richard G.|last=Lipsey|year=1975|publisher=Weidenfeld & Nicolson|isbn=0-297-76899-9}}
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1 : Costs

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