Join our Telegram Channel

Banking System and Capital Market Questions and Answers for Competitive Exams

Question

The non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are

A Explicit costs
B Original costs
C Implicit costs
D Replacement costs

Answer & Explanation

Answer: Option [C]

Advertisement
GkSeries apsc prelims 2023 test series
Advertisement

Read More Economics Solved Questions

GkSeries Android App

Today's Top Current Affairs

Current Affairs MCQs

State-wise Current Affairs

General Knowledge

Month-wise Current Affairs 2022

Category-wise Current Affairs

Jobs by Qualification

Free Mock Test