Which of the Following Costs Are Future Costs That Differ

question 41

Multiple Choice

Which of the following costs are future costs that differ across alternatives?

• A)opportunity costs
• B)sunk costs
• C)relevant costs
• D)variable costs

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Definitions:

Pollution Reduction

Efforts or strategies aimed at decreasing the amount of pollutants released into the environment.

Government Caps

Limits set by the government on the amount of a commodity or service that can be produced, sold, or used.

Pollution Permits

Licenses issued by governments that allow the holder to emit a certain amount of pollutants over a given time period.

Property Rights

Legal rights to use, control, and derive benefits from a resource or property, including the right to exclude others.