Cost Function

"The costs of something is What you give up to get it"
There are 2 kinds of costs. Eksplicit Cots and Implicit Costs.

• Eksplicit Costs is cash payment for purchased resources in the resources market. For example: Insurance cost, rent expense.
• Implicit Cost is indirect payment made from company's cash. For example :the opprtunity cost of owner's time, building which is had for the owner. 

Accountants