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    Cost calculated per quintal is known as:
    Question

    Cost calculated per quintal is known as:

    A.

    Cost of farming

    B.

    Cost of cultivation

    C.

    Cost of Production

    D.

    Total cost

    Correct option is C

    The answer is (c) Cost of Production.

    "Cost per quintal" means the cost associated with producing one quintal of a product, so "Cost of Production" is the most accurate term to describe this concept.

    Why other options are incorrect:

    (a) Cost of farming:

    While "cost of farming" is related to the overall expenses involved in running a farm, it doesn't specifically refer to the cost per unit of output.

    (b) Cost of cultivation:

    "Cost of cultivation" is a narrower term than "cost of production" as it focuses solely on the costs directly related to growing the crop, excluding things like processing or marketing.

    (d) Total cost:

    "Total cost" refers to the sum of all costs incurred in producing a product, including both direct and indirect costs. Cost per quintal focuses on the unit cost, not the total cost.

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