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प्रश्न
What is opportunity cost?
What do you understand by opportunity cost?
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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.
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संबंधित प्रश्न
Write a short note on direct costs.
Distinguish between Fixed cost and Variable cost.
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Which of the following best describes a fixed cost?
Direct cost increases when ______.
Distinguish between direct costs and indirect costs.
Distinguish between shut down cost and sunk cost.
Distinguish between Direct Labour cost and Indirect Labour cost.
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.
Write short notes on Variable Costs.
