The opportunity cost of money that a firm's owner has invested in the firm is an example of

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The opportunity cost of money that a firm's owner has invested in the firm is an example of implicit costs, which are the opportunity costs of the owner's resources that could have been used for alternative purposes. Explicit costs refer to the actual monetary expenses incurred by the firm, direct production costs refer to the costs directly related to production, sunk costs refer to costs that have already been incurred and cannot be recovered, and accounting costs refer to costs that are reported in financial statements.

The Opportunity Cost of Money That a Firm's Owner Has