Match the Pairs Column A Column B a. Implicit Cost 1. Cost already incurred b. Sunk Cost 2. Foregone alternative c. Opportunity Cost 3. Cost of…

CA Foundation · Business Economics · RTP · May 2026
Match the Pairs Column A Column B a. Implicit Cost 1. Cost already incurred b. Sunk Cost 2. Foregone alternative c. Opportunity Cost 3. Cost of self-owned factors d. Explicit Cost 4. Cash payment
(A) A. a-3, b-1, c-2, d−4
(B) B. a-2, b-1, c-3, d−4
(C) C. a-1, b-2, c−3, d−4
(D) D. a-4, b-1, c-2, d-3

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. a-3, b-1, c-2, d−4

Topics: Theory of Production and Cost

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