Economy, asked by mehrulnisa, 2 months ago

Define monetary cost​

Answers

Answered by tiachaudhary311
11

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Companies must pay workers, purchase production machinery and materials, ensure distribution of products and market them to consumers. These are examples of monetary costs, or the actual expenditures involved in production. Opportunity costs refer to whatever must be forgone to obtain an item or produce a good.

Answered by tanvi9399400
1

Answer:

Monetary cost is how much money it will cost as opposed to all the other costs that are not directly billed.

Explanation:

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