I for implicit cost and E for explicit cost 1Unearned social
I for implicit cost and E for explicit cost 1.Unearned social security credits 2.Forgone promotions 3. Salary while not working 4.Loss of experience at work 5.Depreciation of work skills 6.Food and clothing for the child 7.Loss of pension benefits 8. Babysitting fees 9.Preschool expenses 10. Earnings from paid work contributed by an employer to a retirement account
Solution
I (Implicit Cost)
E (Explicit Cost)
Unearned Social Security credits
Food and clothing for the child
Forgone promotions
Babysitting fees
Salary while not working
Preschool expenses
Loss of experience at work
Depreciation of work skills
Loss of pension and 401k benefits
Earnings from paid work contributed by an employer to a retirement account
| I (Implicit Cost) | E (Explicit Cost) |
| Unearned Social Security credits | Food and clothing for the child |
| Forgone promotions | Babysitting fees |
| Salary while not working | Preschool expenses |
| Loss of experience at work | |
| Depreciation of work skills | |
| Loss of pension and 401k benefits | |
| Earnings from paid work contributed by an employer to a retirement account |
