During the synthesis stage of the cell cycle, a cell makes (replicates its own) DNA.
Economic profits equals total revenues minus the sum of explicit costs and implicit costs. Since explicit costs are already subtracted when arriving at the accounting profit, we can find economic profit by subtracting the implicit costs from the accounting profit.
slide 1 of 4. When comparing implicit vs. explicit cost, explicit costs or direct costs are payments for the purchase of productive resources. Such costs are clear and require tangible cash outflow or outlay of money that has a direct impact on profits.Examples include wages, rents, raw materials, and utility bills.mplicit costs, also known as imputed cost, implied cost, or notional cost, denotes the opportunity cost, or the lost opportunities when using the available resources for the particular purpose. Such costs remain intangible, with no direct cash outlay or outflow.