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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
Distinguish between Fixed cost and Variable cost.
Describe cost on the basis of behaviour.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Which of the following cost is time based?
Which definition best describes indirect costs?
Direct cost increases when ______.
Distinguish between direct costs and indirect costs.
Distinguish between shut down cost and sunk cost.
Give an example of Semi-Fixed cost.
Explain with an example the meaning of variable costs.
