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| 1. |
Define real cost |
| Answer» <html><body><p></p>Solution :It refers to the <a href="https://interviewquestions.tuteehub.com/tag/pain-594235" style="font-weight:bold;" target="_blank" title="Click to know more about PAIN">PAIN</a>, sacrifice, <a href="https://interviewquestions.tuteehub.com/tag/discomfort-955407" style="font-weight:bold;" target="_blank" title="Click to know more about DISCOMFORT">DISCOMFORT</a> and disutility involved in providing factor services required to produce a commodity.Real costs refers to the <a href="https://interviewquestions.tuteehub.com/tag/cost-25707" style="font-weight:bold;" target="_blank" title="Click to know more about COST">COST</a> of producing a good or service, including the cost of all resources used and the cost of not employing those resources in alternative <a href="https://interviewquestions.tuteehub.com/tag/uses-722152" style="font-weight:bold;" target="_blank" title="Click to know more about USES">USES</a></body></html> | |