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  9. Q61

ibps-so 2015 · Question 61 of 100

Cost of growing crops per hectare is known as?

  1. ACost of productionCorrect
  2. BMarginal cost
  3. CTotal Cost
  4. DAverage cost
  5. EEquilibrium cost

Answer: A. Cost of production

Explanation

The cost of growing crops per hectare is commonly referred to as the "Cost of production." This includes various expenses incurred during the cultivation process, such as seeds, fertilizers, pesticides, labor, machinery, and other inputs. Understanding the cost of production is essential for farmers to make informed decisions about crop management, pricing, and overall profitability.

Source: IBPS SO Agricultural Field Officer (Scale I) Mains 2015 Memory Based (CareerPower) · memory-based

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