When an Individual Incurs Costs in the Form of Negative

question 90

Multiple Choice

When an individual incurs costs in the form of negative personal satisfaction,the costs are

• A)Opportunity costs
• B)Implicit costs
• C)Psychic costs
• D)Psychic income
• E)Externalities

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Definitions:

Increase

To become larger or greater in size, amount, number, or degree.

Action Items

Specific tasks or activities that need to be completed, often identified during a meeting or discussion.

Report

A detailed written account of a situation, event, or research, often used to convey information or findings.

Close

The conclusion or final part of a document, presentation, or meeting, often summarizing key points or calling for action.