Define cost Distinguish between fixed and variable costs Give one example of each CBSE Class 12 Economics 2016

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Define cost. Distinguish between fixed and variable costs. Give one example of each. - CBSE Class 12 Economics 2016

Appeared in CBSE economics class 12, 2016, Delhi, Set 1 paper


By:Aparna-Dasgupta

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Costs are the total of expenditure incurred by the producer in producing a good. It includes the
cost of factor inputs and non-factor inputs of the production of a good.



milan-ransingh

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