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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.
Total variable cost per unit increases ______.
The cost remains same at all levels of output is called ______ cost.
Which of the following cost is time based?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Which of the following best describes a fixed cost?
Direct cost increases when ______.
Explain the following:
Sunk cost
Distinguish between shut down cost and sunk cost.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
Fixed cost per unit decreases when ______.
Amount spent to purchase a machinery is the example of ______ cost.
A cost that is easily traceable to a cost object is known as ______.
What is meant by variable cost?
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Write short notes on Variable Costs.
