Your firm is selling 1,000 units at a price of ` 10 per unit. The firm's total explicit cost is ` 8,000. The firm's implicit cost is ` 1,000 and the opportunity cost of your time in managing the firm is ` 1,000. In the above situation, which one of the following is true?

1500+ Business Management questions.

The UGC NET management syllabus consists of these 10 units:

Management
Organizational Behaviour
Human Resource Management
Financial Statements
Financial Management
Strategic Management
Consumer and Industrial Buying Behavior
Statistics for Management
International Business
Entrepreneurship Development