A private cost is a cost of production that is borne by the
A) producer of the good.
B) government.
C) consumer of the good.
D) consumer of the good and the government.

Question

Quizplus · Accepted Answer

Private costs are the costs that the producer of a good or service must pay in the production process. These can include materials, labor, and other expenses directly related to the production of a good or service.

A Private Cost Is a Cost of Production That Is