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प्रश्न
What is opportunity cost?
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.
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संबंधित प्रश्न
Write a short note on Direct costs.
Describe cost on the basis of behaviour.
Total variable cost per unit increases ______.
The cost remains same at all levels of output is called ______ cost.
Which cost decreases with increase in the volume of output?
Which definition best describes indirect costs?
Fixed cost is a cost which remains same at ______.
What is meant by sunk cost?
Distinguish between controllable and uncontrollable costs.
Distinguish between direct costs and indirect 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 per unit decreases when ______.
Amount spent to purchase a machinery is the example of ______ cost.
Variable cost per unit increases when ______.
"Some costs are semi-variable in nature." Comment.
What is meant by variable cost?
