Total cost is the cost of
A) land and labor.
B) labor and capital.
C) just land.
D) all resources except physical capital.
E) land, labor, and capital.

Name: Total cost is the cost of A) land and labor. B) labor and capital. C) just land. D) all resources except physical capital. E) land, labor, and capital.
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Question

Quizplus · Accepted Answer

Total cost includes all resources used in the production process, which are land, labor, and capital. Therefore, the best choice is E, land, labor, and capital.

Total Cost Is the Cost of