Economy, asked by krishna7947, 11 months ago

what is monetary cost?​

Answers

Answered by himanshu2769
21

Explanation:

monetary price. The amount of liquid funds that a product or service costs a consumer to buy. The monetary price of a good might include the cash needed to purchase it, the time and expenses involved in shopping for it, and the risk taken in spending money to receive the anticipated benefit from the good's features.

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Answered by tiwariakdi
0

Answer:

The sum of the producer's monetary expenses for manufacturing a commodity is referred to as the money cost or monetary number

Explanation:

The amount of liquid funds required to purchase a product or service. A good's monetary price may comprise the cash required to purchase it, the time with expenses associated in shopping for it, and the risk taken in spending money to gain the expected benefit from the number of attributes.

  • The amount of liquid funds required to purchase a product or service. A good's monetary cost may comprise the cash required to purchase it, the time with the expenses associated in shopping for it, and the risk taken in spending money to gain the expected benefit from the good's attributes.
  • A monetary item is an asset or obligation that provides the right to receive or deliver a specific number of units of cash. Over time, monetary goods continue to be convertible into the same quantity of cash. Cash, marketable securities, accounts receivable, accounts payable, sales taxes payable, and notes payable are all examples of monetary items.

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