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Business Studies

Marketing and Societal Marketing Concepts

Which of thes...

Question

Which of these is not a factor of the cost function of a product?

A

Market price of the product

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B

Size of the plant

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C

Output level

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D

Prices of inputs

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Solution

The correct option is A Market price of the product
The market price of a product is not included in the computation of its cost.

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