Total cost includes:
A)one-time expenses and ongoing expenses.
B)forgone opportunity costs.
C)the amount the firm spends on all inputs that go into the production of a good or service.
D)All of these are included in total cost.

Name: Total cost includes: A)one-time expenses and ongoing expenses. B)forgone opportunity costs. C)the amount the firm spends on all inputs that go into the production of a good or service. D)All of these are included in total cost.
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Question

Quizplus · Accepted Answer

The Answer is D

Total Cost Includes