The Total Costs of Using a Resource Are Made Up

question 173

Multiple Choice

The total costs of using a resource are made up of

• A) private costs only.
• B) external costs only.
• C) social costs only.
• D) internal and private costs only.

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Definitions:

Information

Refers to data that has been organized and processed in a way that adds to the knowledge of the person receiving it.

Specific Product

An item clearly defined by its unique features, benefits, and identifier, distinguishable from others.

Salesperson

An individual employed to sell products or services, often working on commission and responsible for managing customer relationships.

Customers

Individuals or entities that purchase goods or services from a business or company.