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प्रश्न
What is opportunity cost?
What do you understand by opportunity cost?
What is meant by opportunity cost?
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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.
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संबंधित प्रश्न
Write a short note on direct costs.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Which of the following cost is time based?
Fixed cost is a cost which remains same at ______.
Direct cost increases when ______.
Distinguish between controllable and uncontrollable costs.
Give an example of opportunity cost.
A cost that is easily traceable to a cost object is known as ______.
What is meant by variable cost?
Explain with an example the meaning of fixed costs.
