What are the application of theory of production and cost

Economics

What are the application of theory of production and cost (except exam pov )

Atharv Sankliya

CA Final

★ 3K+

09-Aug-22 00:21

522

Answers (3)

the cost of a product is determined by the sum total of the cost of all the resources that went into making it. There are multiple factors to be considered when determining the cost of a product. And for how much profit to be earned

Divy Degda

CA Final

★ 2K+

09-Aug-22 00:51

Theory of production &cost the theory of production and cost states that the cost of a product is determined by the sum total of the cost of all the resources that went into making it. There are multiple factors to be considered when determining the cost of a product.

Balachandar S

CA Inter

★ 59K+

09-Aug-22 09:13

theory of cost and production is very important in the real life situation such as : 1.in case of accounting principle of economics are used i.e. cost of production, determining of price and efficient decision making

Angry Toshniwal

CA Final

★ 505

24-Aug-22 20:16