what is oppurtunity cost

Answer Posted / titilayo ayomide

Opportunity cost is the value of a product forgone to
produce or obtain another product.

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

distinguish between price rate and time rate?

1631


What is the basic difference between pledge, hypothication and mortgage????

1831


Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry

1768


hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units

1659


In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

3566






what is Rectification of Errors ?

1766


what is Journal Entries?

1651


Expand-------NAST

1662


In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping

5516


Short Answer on _______Appropriation

1423


What are the Types of invoices batching? & what is 3 way batch?

1691


where is suspense entry is entered in tally erp9

992


Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1468


What do mean by Computerization of accounts

2105


example of aptitude ns

979