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What do u mean by cost
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What do u mean by cost
Well cost in economics includes actual expenditure on inputs and the imputed value of the inputs supplied by the owners
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What do u mean by cost
An amount that has to be paid or given up in order to get something. In business, cost is usually a monetary valuation of (1) effort, (2) material, (3) resources, (4) time and utilities consumed, (5) risks incurred, and (6) opportunity forgone in production and delivery of a good or service.
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What do u mean by cost
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