Home »
MCQs »
Commerce MCQs »
Cost Concept MCQs
What are Economic Costs?
4. What are Economic Costs?
- Changes in the future costs
- Amount spent on research
- Combination of profit and loss
- Costs that are non-traceable
Answer: C) Combination of profit and loss
Explanation:
An economic cost is the worth you surrender when you pick one monetary action throughout the following best monetary movement, like purchasing an item or beginning a business.