Advertisements
Advertisements
प्रश्न
What is opportunity cost?
What do you understand by opportunity cost?
Advertisements
उत्तर
Opportunity cost or alternative cost is the benefit from the second-best use of the firm's resources that is foregone in order to reap the return from the best use of resources.
Notes
Students should refer to the answer according to the question.
APPEARS IN
संबंधित प्रश्न
Write a short note on direct costs.
Distinguish between Fixed cost and Variable cost.
Describe cost on the basis of behaviour.
Indirect material scrap is adjusted along with ______.
Variable cost is a cost that ______.
Which cost decreases with increase in the volume of output?
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 of the following best describes a fixed cost?
Fixed cost is a cost which remains same at ______.
Distinguish between controllable and uncontrollable costs.
Distinguish between Direct Labour cost and Indirect Labour cost.
The term "variable costs" refers to ______.
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?
Explain with an example, the meaning of fixed costs.
Write short notes on Variable Costs.
