Which of the following includes entrepreneurs cost of production?
I. Wages of labour
II. Interest of capital
III. Cost of raw materials
IV. Depreciation of capital goods

I and II are correct

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II and III are correct

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II and IV are correct

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All are correct

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Solution

The correct option is D All are correct
Entrepreneurs' cost of production includes-
1) wages of labour
2) interest of capital(amount of money invested)
3) depreciation of capital goods like machinery
-as all these are to be bear by the entrepreneur or the business entity.

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Which of the following includes entrepreneurs cost of production?I. Wages of labourII. Interest of capitalIII. Cost of raw materialsIV. Depreciation of capital goods

The correct option is D All are correctEntrepreneurs' cost of production includes-1) wages of labour2) interest of capital(amount of money invested)3) depreciation of capital goods like machinery-as all these are to be bear by the entrepreneur or the business entity.

Which of the following includes entrepreneurs cost of production?
I. Wages of labour
II. Interest of capital
III. Cost of raw materials
IV. Depreciation of capital goods

The correct option is D All are correct
Entrepreneurs' cost of production includes-
1) wages of labour
2) interest of capital(amount of money invested)
3) depreciation of capital goods like machinery
-as all these are to be bear by the entrepreneur or the business entity.