What is the term for the costs that come from the use of the owner's own resources and therefore are not actually paid out in money?

Question

Quizplus · Accepted Answer

Implicit costs are the costs that come from the use of the owner's own resources, such as time or capital, and they are not actually paid out in money. Sunk costs refer to costs that have already been incurred and cannot be recovered. Explicit costs are the actual monetary payments made for inputs or resources used in production. Depreciation refers to the decrease in value of an asset over time.

What Is the Term for the Costs That Come from the Use