Advertisements
Advertisements
प्रश्न
What is opportunity cost?
What do you understand by opportunity cost?
What is meant by opportunity cost?
अति संक्षिप्त उत्तर
Advertisements
उत्तर
Opportunity cost, or alternative cost, is the benefit of the second-best use of a firm’s resources that is foregone to reap the return from the best use of those resources.
shaalaa.com
Classification of Costs
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 8: Cost and Revenue Analysis - TEST YOURSELF QUESTIONS [पृष्ठ १६०]
APPEARS IN
संबंधित प्रश्न
Write a short note on direct costs.
Variable cost is a cost that ______.
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Distinguish between controllable and uncontrollable costs.
Give an example of opportunity cost.
Fixed cost per unit decreases when ______.
Amount spent to purchase a machinery is the example of ______ cost.
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
