implicit

Examples of implicit in the following topics:

• Implicit Differentiation

  • Implicit differentiation makes use of the chain rule to differentiate implicitly defined functions.
  • For most implicit functions, there is no formula which defines them explicitly.
  • Implicit differentiation makes use of the chain rule to differentiate implicitly defined functions.
  • An implicit function doesn't tell you exactly what $y$ is but still relates $y$ to $x$.
  • The path of a point on a circle can only be expressed as an implicit function.

• Difference Between Economic and Accounting Profit

  • Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs; accounting profit consists of revenue minus explicit costs.
  • In contrast, implicit costs are the opportunity costs of factors of production that a producer already owns.
  • The implicit cost is what the firm must give up in order to use its resources; in other words, an implicit cost is any cost that results from using an asset instead of renting, selling, or lending it.
  • Economic profit is the difference between total monetary revenue and total costs, but total costs include both explicit and implicit costs.
  • The biggest difference between economic and accounting profit is that economic profit takes implicit, or opportunity, costs into consideration.

• Cost

  • The opportunity costs associated with any activity may be explicit, out of pocket, expenditures made in monetary units or implicit costs that involve sacrifice that is not measured in monetary terms.
  • It is often the job of economists and accountants to estimate implicit costs and express them in monetary terms.
  • In economics both implicit and explicit opportunity costs are considered in decision making.
  • A "normal profit" is an example of an implicit cost of engaging in a business activity.
  • An implied wage to an owner-operator is an implicit opportunity cost that should be included in any economic analysis.

• Detail on Types of Long-Term Memory

  • Long-term memory consists of conscious explicit (declarative) and unconscious implicit (procedural) memory; both can be stored indefinitely.
  • Long Term Memory can be subdivided into different types based on whether the information is conscious (i.e., explicit) or unconscious (i.e., implicit) to the individual .
  • In contrast to explicit (conscious) memory, implicit memory involves procedures for completing actions.
  • Athletic skills are one example of implicit memory.
  • Rehearsing for a dancing or musical performance would be another example of implicit memory.

• Norms

  • Social norms are the explicit or implicit rules specifying what behaviors are acceptable within a society or group.
  • An implicit social norm is an expectation that, though unstated, is commonly accepted by members of a group.
  • Implicit norms are usually enforced by informal sanctions.
  • Social norms are the explicit or implicit rules specifying acceptable behaviors within a society or group.

• Introduction to the Four Functions of Governmen

  • For most people the general undesirability of private-involuntary associations (robber-victim, air polluter-victim) and of compound-involuntary ones (the Nazi extermination campaign against Jews, military conscription, arbitrary economic regulations) is implicit in the examples we have adduced.

• For-profit marketing versus nonprofit marketing

  • Because of the implicit objectives assigned to non-profits, they are subject to an entirely different additional set of laws, notably tax laws.

• Long-Term Memory

  • Long-term memory can be broken down into two categories: explicit and implicit memory.
  • In contrast to explicit (conscious) memory, implicit (also called "unconscious" or "procedural") memory involves procedures for completing actions.
  • Athletic skills are one example of implicit memory.
  • Rehearsing for a dance or musical performance is another example of implicit memory.
  • Implicit memories differ from the semantic scripts described above in that they are usually actions that involve movement and motor coordination, whereas scripts tend to emphasize social norms or behaviors.

• The Role of Attention in Memory

  • There are two main types of attentional capture: explicit and implicit.
  • Implicit attentional capture is when a stimulus that a person has not been attending to has an impact on the person's behavior, whether or not they're cognizant of that impact or the stimulus.
  • Implicit attentional capture is important to understand when driving, because while you might not be aware of the effect a stimulus like loud music or an uncomfortable temperature is having on your driving, your performance will nevertheless be affected.

• Opportunity Costs

  • Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure or any other benefit that provides utility are also considered implicit. or opportunity, costs.
  • However, there are possible implicit benefits, such as autonomy and freedom to be "your own boss", and implicit costs, such as the stress of running your own business.