Which of the following is correct?

A) Although land has no production cost from society's viewpoint, rental payments are costs to individual producers.
B) Land rent is not a cost to either society or individual producers.
C) Although land rent is a cost from society's viewpoint, it is not a cost to individual producers.
D) Land rent is a cost to both society and individual producers.

Production Cost

Production cost refers to the total expense incurred in the manufacture of a product, including raw materials, labor, and overhead costs.

Rental Payments

Regular payments made by tenants to landlords in exchange for the use of residential or commercial property.

Individual Producers

Entities or persons that create goods or provide services in an economy, ranging from small businesses to large corporations.