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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
Give two examples of implicit cost of a firm.
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Answer

The two examples are:
  1. Imputed cost of the seller's self-owned shop.
  2. Imputed cost of family labour being used free by the seller.

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