Total Costs of Production Include Direct Costs of

question 39

Multiple Choice

Total costs of production include direct costs of

• A)producing a good or service.
• B)producing a good or service minus depreciation of capital.
• C)producing a good or service plus any opportunity cost.
• D)raw material only.

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Definitions:

Currency Exchange

The process of exchanging one form of currency for another, based on current exchange rates.

Euros

The official currency used in 19 of the 27 European Union countries, known as the Eurozone.

Weakens

Describes the decrease in strength or value of an entity, such as currency depreciating in value against others in the foreign exchange market.

Euro

The official currency of 19 out of the 27 European Union countries, known as the eurozone.