Identify cost and explicity cost in each of the individual cases.
(i) An individual is both the owner and the manager of a shop taken on rent.
(ii) A producer borrows money and opens a shop. The shop premise is owned by him.
(iii) A producer invests his own savings in starting a business and employs a manager to look after it.
(iv) A farmer takes a farm on rent and carries on farming with the help of family members.
(v) A producer borrows money and starts a business. He himself looks after the business.
(vi) A woman borrows money from a bank and starts a business in a building owned by her. She manages the business herself.
(vii) A charatered accountant starts accounting services in the office owned by him and by investing his own savings. He employs assistance for this purpose.
(viii) A person starts a taxi service. The taxi is financed by a bank. He himself drives the taxi. He also pays annual license fees to goverment.
(ix) A person starts a goods transport business. He purchases a goods carrier using partly this own savings and partly borrows money. He drives the carrier himself.