A private cost is a cost of production that is
A) measured in marginal terms.
B) borne by the producer of a good.
C) borne by someone other than the producer of a good.
D) measured in total terms.

Question

Quizplus · Accepted Answer

Private costs are those costs that are borne by the producer of a good or service, including costs like materials, labor, and other expenses directly related to the production process.

A Private Cost Is a Cost of Production That Is