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.
Implicit cost of capital is opportunity cost, if money is used one of best alternatives for effective use of resources. Suppose, I have $ 100,000, I can deposit it in bank and earn $ 3500 as bank interest but I did not invested it in saving bank account and invested in the shares of XYZ company.