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a person take loan from his …

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a person take loan from his brother and give the interest on this loan to his brother. Interst on loan to his brother is Explicit cost or implicit cost ?????

Posted by Rahul Sharma 6 years, 8 months ago

CBSE > Class 12 > Economics

6 answers

Sonal Chandila 6 years, 8 months ago

It is an explicit cost.....as an implicit cost includes imputed amount to be paid to the owner but interest on this loan is paid by him to his brother.

Samyuktha Sundaresan 6 years, 8 months ago

No it is implicit cost because the money will be return back to him oneday. Iam 100%sure it is mplicit cost friends

Rajat Katkani 6 years, 8 months ago

Ot is a EXPLICIT COST as the brother of the entrepreneur is an external liability of the business

Samyuktha Sundaresan 6 years, 8 months ago

Yes it is implicit cost only

Rahul Sharma 6 years, 8 months ago

Reason ?????

Charu Gautam 5 years, 7 months ago

Implicit cost

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