Find the odd word : Cost Concepts : Total cost, Average cost, Marginal cost, Selling cost.
Q.1 (C) (ii) Find the odd word : Cost Concepts : Total cost, Average cost, Marginal cost, Selling cost.
Q.1 (C) (ii) Find the odd word : Cost Concepts : Total cost, Average cost, Marginal cost, Selling cost.
Best answer
Answer: Selling cost
Total cost, average cost and marginal cost are the basic cost concepts of production. Selling cost is the expenditure on advertisement and sales promotion, a feature of monopolistic competition, not a basic production cost concept.
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