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.
Explicit Cost is the cost which is actually incurred by the organization, during production. On the other hand Implicit Cost, are just opposite to the explicit cost, as they are not directly incurred by the organization, but they are implied in nature which do not involve cash payment.