Private costs are those costs that fall:
A)directly on an economic decision maker.
B)indirectly on an economic decision maker.
C)without compensation on someone other than the person who caused them.
D)in external costs,not counting social costs.

Question

Quizplus · Accepted Answer

Private costs are those costs that fall directly on an economic decision maker. These costs include expenses such as production costs, labor costs, and taxes that are directly incurred by the producer or consumer.

Private Costs Are Those Costs That Fall