Question

Which of the following is a cost of production? Select all that apply.
(1 point)
Responses

improving processes
improving processes - only 2 answers are allowed

buying raw materials
buying raw materials - only 2 answers are allowed

spending time working
spending time working - only 2 answers are allowed

paying property taxes
paying property taxes - only 2 answers are allowed

choosing the best products
choosing the best products - only 2 answers are allowed
Only 2 answers are allowed.
Only 2 answers are allowed.

Answer 1

The costs of production from the options provided would be:

1. **buying raw materials**
2. **paying property taxes**

These are direct costs associated with the production process. The other options (improving processes, spending time working, and choosing the best products) may contribute to production efficiency or decision-making but are not direct costs of production.