| The factor cost includes the actual cost of me various factors of production and it includes: |
| 1. Government grants |
| 2. Subsidies |
| 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.
You need to login to perform this action.
You will be redirected in
3 sec
