what is a it refers to the total cost of production
Share
what is a it refers to the total cost of production
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Cost of production refers to the total sum of money needed for the production of a particular quantity of output. ... It is all about the payments or expenditures essential to get the factors of production of land, labor, capital and management needed to produce a commodity.