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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.
Indirect material scrap is adjusted along with ______.
The cost remains same at all levels of output is called ______ cost.
Which definition best describes indirect costs?
Distinguish between direct costs and indirect costs.
Distinguish between Direct Labour cost and Indirect Labour cost.
A cost that is easily traceable to a cost object is known as ______.
What is meant by variable cost?
Write short notes on Variable Costs.
