Private Costs Include All of the Following EXCEPT

question 59

Multiple Choice

Private costs include all of the following EXCEPT:

• A) explicit costs
• B) implicit costs
• C) fixed costs
• D) variable costs
• E) social costs

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Definitions:

Principles

Fundamental beliefs or guidelines that drive decision-making and actions within various disciplines or aspects of life.

Standing

The position or status of being upright on the feet to support the weight of the body.

Busy Reception

A scenario where the reception area of a business or office is experiencing high levels of activity and visitor volume.

Complaining

Expressing dissatisfaction or annoyance about a state of affairs or an event.