Economic Cost is equal to:

CA Foundation · Business Economics · MTP · September 2026
Economic Cost is equal to:
(A) A. Implicit Cost
(B) B. Explicit Cost
(C) C. Explicit Cost + Implicit Cost
(D) D. Fixed Cost + Variable Cost

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Explicit Cost + Implicit Cost

Topics: Theory of Production and Cost

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