GCE Economics 2025 Objective — Question 22
Question 22 of 60 from the General Certificate of Education (GCE) Economics 2025 Objective paper, with the correct answer and a full explanation.
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The total expenditure on machineries and equipment in a firm in an accountant is cost.
- A. implicit
- B. marginal
- C. moneyCorrect
Explanation
From an accounting perspective, machinery and equipment represent money cost as they're capital investments measured in monetary terms.
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