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What is the difference between opportunity cost and marginal cost?
opportunity cost refers to the satisfaction of ones want at the expense of another want while marginal cost is the addition to total cost as a result of increasing output by one unit.
What difference between cost and costing?
difference between cost and costing
What is the difference between cost and list price?
whats the difference between cost and list?
What is opportuniy cost?
If any amount or opportunity needs to be forego due to selection between mutual exclusive projects then that amount is called opportunity cost.
What is the difference between opportunity cost and sunk cost with example?
Any cost which is incurred in past is called "Sunk Cost" while any cost which has to be secrificed while choosing between different alternatives is called "opportunity cost" For example you have purchased machinery for 100000 in previous year and earned 10000 and now you have chance to start producing some other product which will earn you 11000 then switching to new plan will cause you 10000 which you are expecting to earn in current year as well so that 10000 is the opportunity cost you will lose while the machinery cost is a sunk cost because no matter which alternative you choose you cannot change that purchase of machinery decision now.
What is the difference between opportunity benefits and opportunity cost?
yeahhh
Under what conditions is the production possibilities frontier linear rather than bowed out?
When the Opportunity Cost or the tradeoff between the two goods is always at a constant rate.
What is the difference between constant opportunity cost and increasing opportunity cost?
Real cost is the price which is real not a fake price
A point to the left of a budget line is?
A point to the left of a budget line is commonly a tradeoff. But a point to the right is an opportunity cost.
What is the difference between a chosen investment and one that is passed up?
opportunity cost
What is microeconomic tradeoff?
A microeconomic tradeoff refers to the idea that due to limited resources, individuals and firms must make choices between competing alternatives. When choosing one option, they sacrifice the opportunity to pursue another, highlighting the concept of opportunity cost. This principle is fundamental in decision-making processes, influencing how resources are allocated in economies. Ultimately, it underscores the need to weigh the benefits and costs of different choices.
What is the difference between opportunity cost and marginal cost?
opportunity cost refers to the satisfaction of ones want at the expense of another want while marginal cost is the addition to total cost as a result of increasing output by one unit.
What is economical profit?
Difference between revenue received from sale of an output & the opportunity cost of inputs used. (EVA)
What is the difference between real cost and opportunity cost?
Actual cost (real cost): Are those which are actually incurred by the firm in payment for labor, material, plant, building, machinery, equipment ,etc. Opportunity cost: The opportunity cost is the opportunity lost. An opportunity to make income is lost because of scarcity of resources like land, labor, capital etc., or the making of one decision over another decision.
What difference between cost and costing?
difference between cost and costing
What is the difference between cost and list price?
whats the difference between cost and list?
What is the difference between differential cost and incremental cost?
There is no difference
