Components of a Consumer's Income Include __________

question 134

Multiple Choice

Components of a consumer's income include __________.

• A) inflation, recession, and depression
• B) salary, wages, and commissions
• C) gross, disposable, and discretionary income
• D) sales taxes, income taxes, and property taxes
• E) assets, liabilities, and equities

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Definitions:

Transport Cost

Expenses associated with the movement of goods or people from one location to another.

Land Rent

Payment made for the use of land, typically in agriculture, business, or as part of real estate transactions.

Marginal Costs

The added expense resulting from making one more unit of a product or service.

Corn Yields

The amount of harvested corn produced per unit of land, often measured in bushels per acre.