RAW machinery, (b) Installation of plant and machinery, (c) Wages of labor, (d) Rent of BUILDING, (e) Interest on capital, (f) Wear and tear of the machinery and building, (g) Advertisement expenses, (h) Insurance charges, (i) Payment of taxes, (j) In the cost of production, the imputed value of the factor of production OWNED by the FIRM itself is also ADDED, (k) The normal profit of the entrepreneur is also included In the cost of production.

"> RAW machinery, (b) Installation of plant and machinery, (c) Wages of labor, (d) Rent of BUILDING, (e) Interest on capital, (f) Wear and tear of the machinery and building, (g) Advertisement expenses, (h) Insurance charges, (i) Payment of taxes, (j) In the cost of production, the imputed value of the factor of production OWNED by the FIRM itself is also ADDED, (k) The normal profit of the entrepreneur is also included In the cost of production.

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Cost of production of the producer is given by:

Economics Economics miscellaneous in Economics 4 months ago

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The following elements are included in the cost of production: (a) Purchase of RAW machinery, (b) Installation of plant and machinery, (c) Wages of labor, (d) Rent of BUILDING, (e) Interest on capital, (f) Wear and tear of the machinery and building, (g) Advertisement expenses, (h) Insurance charges, (i) Payment of taxes, (j) In the cost of production, the imputed value of the factor of production OWNED by the FIRM itself is also ADDED, (k) The normal profit of the entrepreneur is also included In the cost of production.

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Posted on 11 Jun 2025, this text provides information on Economics related to Economics miscellaneous in Economics. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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