Question

wirte in short the different concepts of cost​

Answer 1

The concept of cost is a key concept in Economics. It refers to the amount of payment made to acquire any goods and services. ... Besides the concept of opportunity cost, there are several other concepts of cost namely fixed costs, explicit costs, social costs, implicit costs, social costs, and replacement costs.

Answer 2

Explanation:

the concept of cost is a key concept in economic. it refers to the amount of payment made to secure any goods service beside the concept of offortunitty cost there are several other concept of cost namely fixed cost ,social cost, replacement cost