A Cost or Benefit (Typically Used in Reference to a "Cost")

question 34

Multiple Choice

A cost or benefit (typically used in reference to a "cost") or a product that is not transferred to its market price is:

• A) Transfer market.
• B) Internality.
• C) Externality.
• D) All of the above.

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Definitions:

Labour Costs

are the expenses incurred by employers for the work done by employees, including wages, benefits, and taxes related to employment.

Kiln

A furnace or oven for burning, baking, or drying, especially one for calcining lime or firing pottery.

Labour Hours

The total number of hours worked by employees in a specified period, commonly used as a measure of labor input.