Type the correct answer in the box.

Todd has hired an inverter to ensure that there is never a loss of power in his new factory. What would Todd pay as his cost of production for

the inverter?

Todd has hired an inverter to ensure that there is never a loss of power in his new factory. He would pay __ as his cost of production for the inverter.

(you have to use your own word)

Question

Business

Tate Nixon

26 January, 02:37

Type the correct answer in the box.

Todd has hired an inverter to ensure that there is never a loss of power in his new factory. What would Todd pay as his cost of production for

the inverter?

Todd has hired an inverter to ensure that there is never a loss of power in his new factory. He would pay __ as his cost of production for the inverter.

(you have to use your own word)

+2

Answers (1)

Know the Answer?

Hayley Stevenson · Answer 1

Todd has hired an inverter to ensure that there is never a loss of power in his new factory. He would pay rent as his cost of production for the inverter.

Explanation:

Cost of production is the cost that the owner of the factors of production (which are labor, land, capital and organisation) has to pay so that the goods and the services can be produced in a particular quantity.

The cost of production is directly related to the quantity of the goods that have been produced by the business entity or organisation. More the production of the goods, more would be the cost of the production that the owner would have to pay.