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प्रश्न
Explain the following with an example:
Marginal cost.
Explain the following:
Marginal cost.
थोडक्यात उत्तर
उत्तर
- The marginal cost is the cost of producing one additional unit of a product.
- The concept of marginal cost is very useful in making managerial decisions about price fixation, make-or-buy decisions, etc.
- Example: A company produces 100 bicycles at a total cost of ₹ 10,000.
- Producing one additional bicycle brings the total cost to ₹ 10,050.
- The marginal cost is ₹ 50 (₹ 10,050 − ₹ 10,000).
- This means that producing the 101st bicycle will cost an additional ₹ 50.
- It helps firms determine the cost-effectiveness of increasing output.
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Notes
Students can refer to the provided solutions based on their preferred marks.
Controllable and Uncontrollable Costs
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 8: Fundamental Concepts of Cost - EXERCISES [पृष्ठ १३९]
संबंधित प्रश्न
Give one difference between money cost and real cost.
Distinguish betwen implicit costs and explicit costs.
Give one difference between normal cost and abnormal cost.
State one difference between Historical costs and Predetermined costs.
Write short notes on opportunity costs.
Explain the following with an example:
opportunity cost.
Distinguish between private costs and social costs.
Explain the following:
Out of pocket cost.
Explain the following:
Notional or imputed cost.
Explain the following:
Replacement cost
