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imposing taxes correct production costs; short run long run cost concepts as per NCERT.
Ref: NCERT Economics Class XI Chapter 4 Production and Costs discusses production function costs short run long run concepts clearly explained.
Universal Uplift correct per microeconomics basics; central problems scarcity choice opportunity cost.
Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.
Social Objectives defines nature significance; management goal-oriented, continuous, pervasive.
Ref: NCERT Business Studies Class XII Chapter 1 Nature and Significance of Management defines management functions characteristics clearly explained.
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