The cost incurred on the factor of production is known as:

CA Foundation · Business Economics · MTP · September 2026
The cost incurred on the factor of production is known as:
(A) A. Accounting cost
(B) B. Economic Cost
(C) C. Marginal Cost
(D) D. Implicit Cost

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Accounting cost

Topics: Theory of Production and Cost

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