Find out (a) explicit cost and (b) implicit cost from the following: {:(,"Paticulars","(Rs. in Thousands)"),((i),"Investment in fixed assets",2000),((ii),"Borrowing at 12% interest per annum",1500),((iii),"Wages paid during the year",120),((iv),"Annual rental value of the owner's factory building",100),((v),"Annual depreciation",100),((vi),"Estimated annual value of the managment services of the owner",240):}

Find out (a) explicit cost and (b) implicit cost from the following:

1.	Find out (a) explicit cost and (b) implicit cost from the following: {:(,"Paticulars","(Rs. in Thousands)"),((i),"Investment in fixed assets",2000),((ii),"Borrowing at 12% interest per annum",1500),((iii),"Wages paid during the year",120),((iv),"Annual rental value of the owner's factory building",100),((v),"Annual depreciation",100),((vi),"Estimated annual value of the managment services of the owner",240):}
Answer» SOLUTION :