Find the Net Cost

question 20

Multiple Choice

Find the net cost. Round to the nearest cent.
-$872 less

• A)$436.00
• B)$395.54
• C)$261.60
• D)$802.00

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Definitions:

Market's Output

The total quantity of goods and services produced and offered for sale in a market during a specific period of time.

Internalized

Describes a process or value that has been incorporated within an individual's psychological framework and is reflected in their behavior or decision-making.

Equilibrium Quantity

The quantity of goods or services traded in a market at the equilibrium price, where the quantity supplied equals the quantity demanded.

External Cost

A cost borne by someone who does not participate in the transaction or decision that led to the cost, often associated with negative externalities.