GkSeries.com

Banking System and Capital Market Questions and Answers for Competitive Exams

Home/
General Knowledge/
the-non-expenditure-costs-which-arise-when-the-producing-firm-itself-owns-and-supplies-certain-factors-of-production-are

By Gkseries see more questions

Q.

The non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are

[A] Explicit costs

[B] Original costs

[C] Implicit costs

[D] Replacement costs

Answer & Explanation
Answer: Option [C]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Please share this page

Click Here to Read more questions

Teacher Eligibility Test