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.
Edward Howland Robinson Ned Green, also known as Colonel Green, was an American businessman, the only son of the miser Hetty Green. In the late 19th century, he became a political ally in the Republican Party of William Madison McDonald, a prominent African-American politician. After his mother's death in 1916 and his inheritance of half her fortune, Green built a mansion in Round Hill, Massachusetts. He was noted for his stamp and coin collections.