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प्रश्न
Give an example of opportunity cost.
Explain opportunity cost with the help of an example.
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उत्तर
A firm can buy either a laptop or a motorcycle for ₹ 40,000. The firm buys a laptop. The earning or benefit that the motorcycle could provide is the opportunity cost of buying the laptop.
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संबंधित प्रश्न
Write a short note on direct costs.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Variable cost is a cost that ______.
The cost remains same at all levels of output is called ______ cost.
Which of the following cost is time based?
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Which definition best describes indirect costs?
Which of the following best describes a fixed cost?
Direct cost increases when ______.
Explain the following:
Sunk cost
Fixed cost is a cost which ______.
Fixed cost per unit decreases when ______.
A cost that is easily traceable to a cost object is known as ______.
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Explain with an example, the meaning of variable costs.
Write short notes on Variable Costs.
