OQ @ ps://wwwslideshare.net £]) © 1) Q SlideShare Explore Search (co ARSyIY-K2) Cans Explicit Cost * Explicit costs in business include all the transactions pertaining to factors of production utilized by a given company. Paying explicit costs always requires a business to expend cash. If the company doesn't expend cash on given factors of production, those factors are not explicit costs for business transaction purposes. Explicit costs can also be variable or fixed, depending on how these costs change as the company increases output. Fixed costs don't change as the company increases production, whereas variable costs can fluctuate as company output increases. a ae ety Explicit and Implicit costs Gare stbreelive 2 uploads {3 Recommended