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प्रश्न
Give one difference between money cost and real cost.
Differentiate between money cost and real cost.
उत्तर
Money Costs: Money cost means the amount of money that a producer spends on the production of a particular commodity.
Real Costs: Real cost means the sacrifice, discomfort, and pain involved in supplying the factors of production by their owners.
संबंधित प्रश्न
Abnormal costs are not recorded as part of production cost. Justify for or against.
"The cost of sugarcane is an avoidable cost." Justify for or against.
Differentiate between expired and unexpired costs.
Write short notes on opportunity costs.
Explain the following with an example:
Marginal cost.
Explain the following with an example:
opportunity cost.
Distinguish between private costs and social costs.
Explain the following:
Differential cost
Explain the following:
Notional or imputed cost.
Explain the following:
Replacement cost
