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what is the difference b/w total variable cost and average variable cost? What is the difference between accounting cost and economic cost?
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what is the difference b/w total variable cost and average variable co...
sorry economic cost = accounting cost + implicit cost i wrongly typed oppurtunity cost instead of implicit cost your welcome
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what is the difference b/w total variable cost and average variable co...
accounting cost are those cost which can be measured example expenses which incured everydayand economics cost = accounting cost + oppurtunity costwhere oppurtunity cost is the cost of forgone opputunity for example if i asked a loan of 50000 from you and other person and i got the loan from the other person so i refused to get loan from you then the loan which i didnt get from you is oppurtunity cost or if i am a owner of a firm and give salary to my labours but i wont give salary to myself though my work deserves 50000 rs but i wont give that to myself and that 50000 is the oppurtunity cost so opputunity cost is immesurable
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what is the difference b/w total variable cost and average variable cost? What is the difference between accounting cost and economic cost?
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what is the difference b/w total variable cost and average variable cost? What is the difference between accounting cost and economic cost? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about what is the difference b/w total variable cost and average variable cost? What is the difference between accounting cost and economic cost? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is the difference b/w total variable cost and average variable cost? What is the difference between accounting cost and economic cost?.
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