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Cost is the cash outflow of some activity to achieve higher cash inflow from some activity. Cash outflow is called the cost while cash inflow is called the benefit from specific activity. If cash inflow is morethan cash outflow then it is said that activity has more benefit then it's cost.
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What are the difference between social cost and economic growth?
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
What is the difference between price and average cost?
marginal cost
What is the difference between marginal cost and standard cost?
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
If you have total cost and total benefit how do you get marginal cost and marginal benefit?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
What is the relationship between marginal cost and benefit in decision-making processes?
The relationship between marginal cost and benefit in decision-making processes is that individuals or businesses should continue an activity as long as the marginal benefit exceeds the marginal cost. This means that the additional benefit gained from one more unit of an activity should be greater than the additional cost incurred. By comparing these two factors, decision-makers can determine the optimal level of output or resource allocation.
What is the difference between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is an optimum conditions?
the balance between benefit and cost with the largest difference.
What difference between cost and costing?
difference between cost and costing
What is the difference between cost and benefits when referring to an environmental project?
One has to see benefit and cost as opposing terms. For example, a benefit can be any advantage, gain, or profit whereas a cost is the opposite; it can be a disadvantage, a loss, or an expense. Basically, they refer to what the project can get or what it can lose. Hope this helps! :)
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
What are the difference between social cost and economic growth?
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
What is the different between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
Difference between real cost and money cost in about 300 words?
what is the difference?
What is the difference between symbiosis and mutualism?
the difference is is that symbiosis could either be 1 or both organisms benefit but both organisms must benefit for it to be a mutualism.
What is the difference between prime cost and variable cost?
lina
What is the difference between price and average cost?
marginal cost
