Which of the following is a cost of production? Select the two correct answers.

(1 point)
Responses

improving processes

improving processes

buying raw materials

buying raw materials

spending time working

spending time working

paying property taxes

paying property taxes

choosing the best products

The correct answers are:

1. Buying raw materials
2. Paying property taxes

The two correct answers for the cost of production are:

1. Buying raw materials
2. Paying property taxes