Suppose that the cost of producing 1,000 units of a product by a Firm is ₹15,000 The entrepreneur has invested ₹ 50,000 in the business and the…
CA Foundation · Business Economics · PYQS · September 2025
Suppose that the cost of producing 1,000 units of a product by a Firm is ₹15,000 The entrepreneur has invested ₹ 50,000 in the business and the normal rate of return in the market is 10%. What will be the implicit cost?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 5,000
Topics: Theory of Production and Cost