Which of the following is a cost of production?

1 answer

To provide an accurate answer, I would need to see the options you have in mind regarding the costs of production. Generally, costs of production can include items such as:

  1. Raw materials – The inputs used to create a product.
  2. Labor costs – Wages and benefits paid to workers involved in production.
  3. Overhead costs – Indirect costs such as utilities, rent, and maintenance related to the production facility.
  4. Equipment and machinery – Costs associated with purchasing or leasing equipment used in the production process.
  5. Depreciation – The loss of value of machinery and equipment over time.

If you provide the specific options, I can help you identify which one is a cost of production.