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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
Variable cost is a cost that ______.
Fixed cost is a cost which remains same at ______.
Distinguish between controllable and uncontrollable costs.
Distinguish between shut down cost and sunk cost.
Distinguish between Direct Labour cost and Indirect Labour cost.
The term “variable costs” refers to ______.
Fixed cost is a cost which ______.
Amount spent to purchase a machinery is the example of ______ cost.
"Some costs are semi-variable in nature." Comment.
Classify cost according to its nature.
