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.
They are also known as direct costs or accounting costs. An explicit cost is a cost that happens for a purpose. In addition, explicit costs usually have a direct impact on the company and its and profits. Explicit costs result in tangible assets or opportunities for the company.