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.
slide 1 of 4. When comparing implicit vs. explicit cost, explicit costs or direct costs are payments for the purchase of productive resources. Such costs are clear and require tangible cash outflow or outlay of money that has a direct impact on profits.Examples include wages, rents, raw materials, and utility bills.mplicit costs, also known as imputed cost, implied cost, or notional cost, denotes the opportunity cost, or the lost opportunities when using the available resources for the particular purpose. Such costs remain intangible, with no direct cash outlay or outflow.