The opportunity cost of an activity. Implicit costs are what a company or individual could have earned had a different decision been made. For example, suppose an independent consultant has two clients and she spends some time working on the first client's project.
November 23, 1992. Bobby Russell, 52, who wrote such song hits as Little Green Apples, Honey and The Night the Lights Went Out in Georgia.. Little Green Apples, recorded by Roger Miller, O.C. Smith and Patti Page, won Grammy awards in 1968 for song of the year and best country song. That same year, Honey, recorded by Bobby Goldsboro, was voted song of the year by the Country Music Assn.
John Graham Mellor, known by his stage name Joe Strummer, was an English musician, singer, actor and songwriter who was the co-founder, lyricist, rhythm guitarist and lead vocalist of the Clash, a punk rock band formed in 1976 as part of the original wave of British punk. Their second album, Give 'Em Enough Rope reached number 2 on the UK charts. Soon after, they achieved success in the US, starting with London Calling, and peaking with 1982's Combat Rock, reaching number 7 on the US charts and