A newspaper and television station can share news produced by reporters. What concept of cost does this illustrate?

Question

Quizplus · Accepted Answer

Joint cost is illustrated here because it refers to the costs that are incurred from producing multiple products or services where the costs cannot be separately attributed to each product or service. In this case, the news produced by reporters is shared between a newspaper and a television station, indicating that the cost of producing the news is a joint cost shared by both outlets.

A Newspaper and Television Station Can Share News Produced by Reporters