Which of the Following Is a Not a Transactions Costs

question 48

Multiple Choice

Which of the following is a not a transactions costs associated with using inputs?

• A)Time spent negotiating labor contracts with union workers.
• B)Opportunity costs of negotiating the price of renting machines.
• C)Wages paid to labor.
• D)Costs of searching for a new supplier of machines.

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Definitions:

Dissolved Gases

Gases that are mixed into a liquid, such as oxygen or carbon dioxide in water.

Component

A part or element of a larger whole, especially a part of a machine or system.

Platelets

Small, disk-shaped blood cells essential for blood clotting and wound healing.

Cytoplasm

The material or protoplasm within a living cell, excluding the nucleus, containing various organelles and inclusions important for cell function.