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Direct payment incurred for producing a commodity is called ____________
Classroom
Economics Classroom
Post Utme
Post Utme 0
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Direct payment incurred for producing a commodity is called ____________
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Implicit cost
B
Real cost
C
Opportunity cost
D
Due cost
E
Explicit cost
Show Answer
Show Explanation
Correct Answer:
Option E
Explanation:
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