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.
On April 14, 2012, former Guns N' Roses members Slash, Duff McKagan, Gilby Clarke, Steven Adler and Matt Sorum all reunited at the Rock and Roll Hall of Fame. They performed  Mr. Brownstone ,  Sweet Child o' Mine , and  Paradise City  with Alter Bridge and Slash's band vocalist Myles Kennedy in Rose's absence.