It takes your body around 1 hour to process 1 Unit of Alcohol, so that's about half a pint of beer or one 25 ml shot or 2/3 of a 125 ml glass of wine. That number is for people with a healthy liver.
The following are the major differences between explicit cost and implicit cost. 1  Explicit Cost is incurred when the entity has to pay for the utilisation of factors of production. Implicit Cost is the opportunity cost, which is incurred when the entity uses the ownerâs resources like capital inventory etc.
A company's explicit costs can include employee wages, payments made to purchase raw materials, business rent/mortgage payments and fees related to purchasing manufacturing equipment. Of these explicit costs, a business considers rent/mortgage payments and the cost of purchasing manufacturing equipment as fixed costs. Variable explicit costs include employee wages because the cost of paying workers increases as the business ramps up production. Equipment maintenance costs and utility payments for retail store locations can also increase as a business raises production levels.