Implicit cost. From Wikipedia, the free encyclopedia. In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use factor of production which it already owns and thus does not pay rent for. It is the opposite of an explicit cost, which is borne directly.
âI had a plan I wanted to doâ¦the bottom fell out of the market and we decided it didnât make sense to build it.â. Greenfield Partners â which is operating under the name Ann Arbor Green Property Owner LLC â is a privately owned real estate investment firm based in Connecticut. Its asset management office is based in Chicago.
Essence magazine is back under 100-percent black ownership. Essence Communications announced Thursday that it was acquired from Time Inc. by Essence Ventures for an undisclosed sum. Essence Ventures was founded in 2017 by Richelieu Dennis, who also founded personal care company Sundial Brands, which owns beauty companies Shea Moisture, Nubian Heritage and Madam C.J. Walker. Time Inc. originally purchased a 49 percent stake in the magazine in 2000 from owners Clarence Smith and Ed Lewis before buying the remaining 51 percent in 2005, according to the New York Times.