_________ refers to all the payments and charges made by the entrepreneur to the suppliers of various productive factors.

Opportunity cost

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Accounting cost

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Notional cost

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Implied cost

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Solution

The correct option is C Accounting cost
Payments made by the entrepreneur of the firm to the factor of productions they employ is counted under accounting costs. These are costs that are either directly or indirectly involved in the production process. And thus must be explicit costs.

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_________ refers to all the payments and charges made by the entrepreneur to the suppliers of various productive factors.

The correct option is C Accounting costPayments made by the entrepreneur of the firm to the factor of productions they employ is counted under accounting costs. These are costs that are either directly or indirectly involved in the production process. And thus must be explicit costs.

The correct option is C Accounting cost
Payments made by the entrepreneur of the firm to the factor of productions they employ is counted under accounting costs. These are costs that are either directly or indirectly involved in the production process. And thus must be explicit costs.