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.
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