Which of the Following Should Be Included in the Cost

question 37

Multiple Choice

Which of the following should be included in the cost of land?

• A)Cost to clear the land of old buildings
• B)Cost to build sidewalks on the land
• C)Cost of installing fences
• D)Cost of installing signage

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Definitions:

Ethanol

A renewable fuel made from various plant materials, known as biomass, and used as an alternative to gasoline.

Demand

The desire for specific goods or services accompanied by the ability and readiness to pay for them.

Supply

The total amount of a specific good or service available to consumers, potentially influencing its market price.

Supply Curve

The supply curve is a graphical representation demonstrating the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply at those prices.