Advertisements
Advertisements
प्रश्न
Distinguish between fixed cost and variable cost.
अंतर स्पष्ट करें
उत्तर
- Fixed Cost:
- Does not change with the change in the quantity of output.
- It is also called as ‘Supplementary cost’ or ‘Overhead cost’.
(Eg.) Rent of the factory, Permanent worker’s salary.
- Variable Cost:
- These costs vary with the level of output
- It is also called as ‘Prime cost’, ‘Special cost’ or ‘Direct cost’.
(Eg.) Cost of raw materials, Temporary worker’s salary.
shaalaa.com
Cost Concepts
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
APPEARS IN
संबंधित प्रश्न
Cost functions are also known as ______ function.
Money cost is also known as ______ cost.
Explicit cost plus implicit cost denote _______ cost.
Explicit costs are termed as
The costs of self–owned resources are termed as ________ cost.
The cost that remains constant at all levels of output is _____ cost.
Wage is an example for ________ cost of the production.
What do you mean by fixed cost?
Explicit Cost - Define.
Give the definition for ‘Real Cost’.
What is meant by Sunk cost?
State the differences between money cost and real cost.
Distinguish between explicit cost and implicit cost.
Define opportunity cost and provide an example.
