Economic Cost means:

CA Foundation · Business Economics · MTP · September 2026
Economic Cost means:
(A) A. Accounting cost + Implicit cost
(B) B. Accounting cost + Marginal Cost
(C) C. Cash cost + Opportunity Cost
(D) D. Implicit cost

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Accounting cost + Implicit cost

Topics: Theory of Production and Cost

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