Advertisements
Advertisements
प्रश्न
Give an example of opportunity cost.
Explain opportunity cost with the help of an example.
उत्तर
A firm can buy either a laptop or a motorcycle for ₹ 40,000. The firm buys a laptop. The earning or benefit that the motorcycle could provide is the opportunity cost of buying the laptop.
APPEARS IN
संबंधित प्रश्न
Distinguish between Fixed cost and Variable cost.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
The cost remains same at all levels of output is called ______ cost.
Which cost decreases with increase in the volume of output?
Which of the following best describes a fixed cost?
Direct cost increases when ______.
What is meant by sunk cost?
Distinguish between direct costs and indirect costs.
Distinguish between Direct Labour cost and Indirect Labour cost.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
Variable cost per unit increases when ______.
What is meant by variable cost?
What do you mean by Semi-Fixed cost?
Explain with an example, the meaning of fixed costs.
Write short notes on Variable Costs.
