We call costs that fall directly on an economic decision maker:
A)private costs.
B)social costs.
C)external costs.
D)network costs.

Question

Quizplus · Accepted Answer

Private costs refer to costs that are directly incurred by an economic decision maker, such as a firm or individual. These costs are typically related to production or consumption activities and are directly reflected in the decision maker's bottom line.

We Call Costs That Fall Directly on an Economic Decision