Under the household production model the full cost of any, Ask an Expert

Economics

Under the household production model, the full cost of any activity equals:

A. the cost of purchased inputs.

B. the opportunity cost of time

C. the sum of the cost of purchased inputs and the opportunity cost of time.

D. None of the above is correct.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91401704

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