ECONOMICS
COST BENEFIT ANALYSIS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
pros
|
|
|
cons
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Costs are broadly classified into four types: fixed cost, variable cost, direct cost, and indirect cost.
Detailed explanation-2: -From a buyer’s point of view the cost of a product is also known as the price. This is the amount that the seller charges for a product, and it includes both the production cost and the mark-up, which is added by the seller in order to make a profit.
Detailed explanation-3: -: the amount or equivalent paid or charged for something : price. The average cost of a college education has gone up dramatically. : the outlay or expenditure (as of effort or sacrifice) made to achieve an object.
Detailed explanation-4: -The cost principle is also known as the historical cost principle and the historical cost concept.