Which of the Following Is Normally Considered to Be a Product

question 64

Multiple Choice

Which of the following is normally considered to be a product cost?

• A)Insurance on a factory building.
• B)Selling expenses.
• C)President's salary.
• D)Miscellaneous office expense.

---

Definitions:

Circulation Numbers

Refers to the number of units (such as newspapers or magazines) distributed to the public within a specified time frame.

Marginal Product

The Marginal Product is the additional output that is produced by employing one more unit of a factor of production, holding other factors constant.

Labor

Any mental or physical exertion on the part of a human being that is used in the production of a good or service. One of the four economic resources.

Output

In economic terms, this signifies total products or services that have been manufactured or provided by a company in a particular period, acting as a measure of productivity.