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imputed cost
im·put·ed cost (plural im·put·ed costs)


noun 
Definition:
 
cost of an existing factor: the cost of using a factor of production that is already owned, measured by the earnings it might have received if put to its best alternative use
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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