Question

the cost which does not involve any cash outflow is known as

Answer 1

Answer:

The cost which does not involve any cash outflow is known as opportunity cost.

Please mark as brainliest.

Answer 2

Opportunity cost is the cost which does not involve any cash outflow

Explanation:

• The opportunity cost of any good is the next best alternative good and the loss of other alternative. For example a farmer who is producing rice can produce onions with same factors. Therefore the opportunity cost of a quintal of rice is the amount of output of onions given up.  
• Opportunity cost is the difference between economic cost and accounting cost. Opportunity cost is the benefit to be received from that opportunity.  Choices are made on the basis of the opportunity cost.

To know more:

the cost which does not involve any cash outflow is known as

https://brainly.in/question/7681001