For private firms, the implicit costs may include the opportunity cost of owner- supplied capital and the opportunity cost of the [...]of the firm's owners.
For private firms, the implicit costs may include the opportunity cost of owner- supplied capital and the opportunity cost of the [...]of the firm's owners.
For private firms, the implicit costs may include the opportunity cost of owner- supplied capital and the opportunity cost of the [...]of the firm's owners.
Answer
time and entrepreneurial ability
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Open it For private firms, the implicit costs may include the opportunity cost of owner- supplied capital and the opportunity cost of the time and entrepreneurial ability of the firm's owners.
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p61
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