_______ is an implicit cost of production.

CA Foundation · Business Economics · MTP · September 2024
_______ is an implicit cost of production.
(A) A. Wages of the labour.
(B) B. Charges for electricity.
(C) C. Interest on owned money capital.
(D) D. Payment for raw material.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Wages of the labour.

Topics: Theory of Production and Cost

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