The nature of cost in economics mainly refers to:
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Correct Answer: Option A
Explanation:
The nature of cost explains how production costs behave as output changes. It studies relationships among fixed cost, variable cost, total cost, average cost, and marginal cost during production activities.
The nature of cost explains how production costs behave as output changes. It studies relationships among fixed cost, variable cost, total cost, average cost, and marginal cost during production activities.