Which of the following is a cost of production? Select the two correct answers.

(1 point)
Responses

improving processes
improving processes

buying raw materials
buying raw materials

spending time working
spending time working

paying property taxes
paying property taxes

choosing the best products

1 answer

The two correct answers that are considered costs of production are:

  1. buying raw materials
  2. paying property taxes

These are direct costs associated with the production process.