Muft Shiksha
Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - HandicraftsExpertLevel 12

What is a correct example of opportunity cost in handicrafts?

Advertisement

Answer and explanation

Correct answer: Spending time on a large order and losing the chance of individual retail sales

Opportunity cost is the value of the option forgone due to another decision. Exam tip: connect it with decision cost.

Tags

home-scienceopportunity-costartisan-decisioncosting

Frequently asked questions

What is the correct answer to this question?

Spending time on a large order and losing the chance of individual retail sales

Why is this the correct answer?

Opportunity cost is the value of the option forgone due to another decision. Exam tip: connect it with decision cost.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Handicrafts.

Report question
Advertisement