Explain the following cost concepts with examples. ( a) Variable cost ( b) Fixed cost ( c)
Question:
Explain the following cost concepts with examples.
(
a) Variable cost
(
b) Fixed cost
(
c) Explicit cost
(
d) Implicit cost
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I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
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