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Model Paper 2 — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsModel Paper 21 Mark
MCQ
Implicit costs are
  • A
    Same as explicit costs
  • B
    Total cost
  • C
    Opportunity costs
  • ✓
    Imputed costs
✓

Answer

Correct option: D.
Imputed costs
(d) Imputed costs
Explanation: It is the cost of self supplied factors.

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