Question

CONCEPTS OF COST pl.. explain it​

Answer 1

Answer:

In general terms, cost refers to an amount to be paid or given up for acquiring any resource or service. ADVERTISEMENTS: In economics, cost can be defined as a monetary valuation of efforts, material, resources, time and utilities consumed, risks incurred, and opportunity forgone in the production of a good or service.

Explanation:

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Answer 2

Answer:

I hope it is helpful to you dear mate ...

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