Question

The cost of production will increase if :

(i) The government gives subsidies.

(ii) The firm uses obsolete technology.

(iii) The prices of diesel increases.

1. Only (i) and (ii)

2. Only (ii) and (iii)

3. Only (i) and (iii)

4. All (i), (ii) and (iii)​

Answer 1

Answer:

Answer is : option 2. Only (ii) and (iii)