'Foregone interest' presentation slideshows

Unit 5 - Cost Functions

Unit 5 - Cost Functions. Explicit Costs and Implicit Costs Explicit cost are out-of-pocket expenses, such as labor, raw materials, and rent. Implicit costs are foregone expenses, such as the value of your own time, and the value of your own money (interest earned). Microeconomics.

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Chapter 3

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Money and Interest Rates

Money and Interest Rates. Choosing between consumption and savings. The Market Interest Rate. What determines the equilibrium interest rate in financial markets? A financial market is any market in which borrowers and lenders interact

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