The cost of producing goods and services
A) includes only the cost of factors of production used to produce output.
B) includes the cost of factors of production and depreciation but excludes production related taxes such as sales tax.
C) includes the cost of factors of production, depreciation, and other production related taxes such as sales tax.
D) includes the cost of inputs used to produce the product and all production related taxes but excludes profit.
Correct Answer:
Verified
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