A) sum of wages paid to labourers.
B) sum of wages and interest paid on capital.
C) sum of wages, interest, rent and supernormal profit.
D) sum of wages, interest, rent and normal profit.
Correct Answer: D
Solution :
d) Cost of production per unit is the costs associated with production divided by the number of units. Production cost is the combined costs of raw material and labor incurred in producing goods
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