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.
Total Inventory Cost. Total Inventory cost is the total cost associated with ordering and carrying inventory, not including the actual cost of the inventory itself.It is important for companies to understand what factors influence the total cost they pay, so as to be able to minimize it.otal Inventory Cost. Total Inventory cost is the total cost associated with ordering and carrying inventory, not including the actual cost of the inventory itself.