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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.
Distinguish between Fixed cost and Variable cost.
A firm has to pay a fixed rent of ₹ 500 for the postpaid mobile bill and further pay extra charges for the calls made in a month. Identify the type of cost mentioned here.
Indirect material scrap is adjusted along with ______.
Which of the following cost is time based?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Fixed cost is a cost which remains same at ______.
What is opportunity cost?
Explain the following:
Sunk cost
The term "variable costs" refers to ______.
Fixed cost per unit decreases when ______.
Variable cost per unit increases when ______.
"Some costs are semi-variable in nature." Comment.
What is meant by variable cost?
What do you mean by Semi-Fixed cost?
Classify cost according to its nature.
Write short notes on Variable Costs.
