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Cost Of Production and Concept of Revenue — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsCost Of Production and Concept of Revenue1 Mark
MCQ
We can broadly classify production costs as $.........$
  • A
    Fixed cost and variable cost
  • ✓
    Short run production cost and long run production cost
  • C
    Marginal cost and real cost
  • D
    Opportunity cost and monetary cost
✓

Answer

Correct option: B.
Short run production cost and long run production cost

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