Comment on the difficulty of calculating opportunity costs (the economic concept) as compared to accounting costs (explicit costs). Do you have any suggestions for making the calculation of implicit costs easier? Solution Accounting cost includes different cost of products, raw materials, equipment, labor etc. Such costs are easy to calculate as their values are recorded in the financial statements and invoices of the company. On the other hand, opportunity cost refers to the cost gained by a company if they had made a different decision. Such costs are difficult to calculate. Furthermore, such cost cannot be included in the bookkeeping records. Hence, they are relatively harder to calculate. Company can calculate implicit cost easier by.