Suppose the total cost of producing commodity X is Rs.125000. Out of this cost,

Question

Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is Rs.35000 and normal profit is Rs.25000. What will be the explicit cost of commodity X?

Options:

A . Rs.90000

B . Rs.65000

C . Rs.60000

D . Rs.100000

Answer: Option B

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