MCQOPTIONS
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| 1. |
Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is Rs.35000 and normal profit is Rs.25000. What will be the explicit cost of commodity X? |
| A. | Rs.90000 |
| B. | Rs.65000 |
| C. | Rs.60000 |
| D. | Rs.100000 |
| Answer» C. Rs.60000 | |