Which of the Following Is an Upstream Cost

question 109

Multiple Choice

Which of the following is an upstream cost?

• A) Research and development costs
• B) Shipping costs to ship completed goods
• C) Sales commissions
• D) Sales promotion and advertising costs

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Definitions:

Discovered

Found or identified after a search, exploration, or investigation, often implying that the object or information was previously unknown or hidden.

Rational Consumers

Individuals who aim to maximize their utility or satisfaction from consumption under the constraints of their budget.

Complete Preferences

A concept in economics where an individual's preferences over a set of goods or outcomes are fully defined, allowing for every pair of outcomes to be compared.

National Unemployment Rate

A measure of the percentage of the labor force that is unemployed and actively seeking employment, often used as a key indicator of the health of a country's economy.