When the Cost of Producing a Product Is Paid,at Least

question 332

Multiple Choice

When the cost of producing a product is paid,at least in part,by someone other than the producer,the cost is referred to as

• A) an external cost.
• B) an external profit.
• C) an external benefit.
• D) an external/internal cost.
• E) a public cost.

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Definitions:

Greatest Common Factor

The largest number that divides two or more numbers without leaving a remainder, used in simplifying fractions.

Numerator

The top number in a fraction that indicates how many parts of a whole are taken.

Denominator

The bottom number in a fraction, representing the total number of parts the whole is divided into.