Write down the definition of Real Cost given by “Marshall”? – InterviewSolution

1.	Write down the definition of Real Cost given by “Marshall”?
Answer» In the words of Marshall, “The exertion of all different kinds of labour that are directly or indirectly involved in making it, together with the abstinences or rather the waiting required, for saving the capital used in making it; all these sacrifices together will be called the real costs of production of the commodity.”

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