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Concepts Of Cost

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CONCEPTS OF COST
Types of cost Implicit cost Money cost Opportunity cost Economic cost Real cost Social cost Private cost Original cost Replacement cost
Money Cost & Implicit Cost ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economic Costs & Opportunity Costs ,[object Object],[object Object],[object Object],[object Object],[object Object]
Real Costs & Private & Social Costs ,[object Object],[object Object],[object Object]
Original & Replacement Cost ,[object Object],[object Object],[object Object],[object Object]
Fixed &Variable Costs ,[object Object],[object Object],[object Object]
Variable cost Variable costs-: Variable costs refer to those costs which vary directly with the level of output. These are also called direct cost. For example – wages to temporary staff.
Average & Marginal Costs ,[object Object],[object Object],[object Object],[object Object],[object Object]
Thank you By: AKHILESH CHAWDA PGPSM

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Concepts Of Cost

  • 2. Types of cost Implicit cost Money cost Opportunity cost Economic cost Real cost Social cost Private cost Original cost Replacement cost
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Variable cost Variable costs-: Variable costs refer to those costs which vary directly with the level of output. These are also called direct cost. For example – wages to temporary staff.
  • 9.
  • 10. Thank you By: AKHILESH CHAWDA PGPSM