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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST1 Mark
MCQ
Wages paid to labourers is an example of:
  • ✓
    explicit cost
  • B
    implicit cost
  • C
    opportunity cost
  • D
    none of these
✓

Answer

Correct option: A.
explicit cost
(a)

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