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.
The depreciation of capital assets for a year may be another $10,000. The total implicit costs thus come to $70,000 + $10,000 + $10,000 = $90000. Subtracting this implicit cost of $90,000 from the accounting profit of $50,000 means that the company actually makes a loss of $40,000 for the year in this example.