Answer:
(i) forgone investment opportunities
Explanation:
Implicit costs are the same as the opportunity costs of using a company's resources. There are the foregone benefits of not investing in project B but opting for project A. Implicit costs are associated with the resources that a business already owns.
Implicit costs are used to calculate the economic value of a project. They help managers assess how best to use the available resources. Wages of workers and raw materials costs represent explicit costs, which are direct materials of a project.
