The amount of payment paid to the factors of production in terms of current monetary units is known as money cost And in the same way payment paid to the factors of production in terms of amount of...
Common costs are shared between the units ie departments or products. Traceable costs are specific to the unit. While I've never heard common costs being called untraceable they are cannot be...
cost represents the money paid for something while opritunity cost is the value of one thing is when u give of something else,like cost is these shoes cos $228or these shoes cost $456 and the others...