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What is the output of the following Java program?
Public class test01
{
Public static void main(String[] args)
{
For (int i = 0; i < 4; i++)
{
System.out.print(myFun(i) + " ") ;
}
}
Public static int myFun(int perfect)
{
Return ((perfect - 1) * (perfect - 1) ) ;
}
}
Implicit Costs
The opportunity costs that are not directly paid for or visibly incurred in financial transactions but represent real costs to economic actors.
Economic Costs
Economic costs include both the explicit costs of production, such as raw materials and wages, and implicit costs, such as opportunity costs.
Explicit Costs
Direct, out-of-pocket payments for resources employed in the production of goods or services.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own operations, without direct payment but with foregone opportunities.
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