|The factor cost includes the actual cost of me various factors of production and it includes:|
|1. Government grants|
|3. Indirect taxes|
|Choose the correct one:|
A) Only 1
B) Only 2
C) Only 1 and 2
D) All 1, 2 and 3
Correct Answer: C
Solution :[c] Factor cost refers to the actual cost of the Various factors of production includes government grants and subsidies but it excludes indirect taxes.
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