The cost of producing a good in a single-product firm is:
A)additional cost
B)stand-alone cost
C)variable cost
D)average cost

Question

Quizplus · Accepted Answer

Stand-alone cost refers to the total cost incurred by a firm to produce a specific good or service on its own, without considering the production of other goods or services. This encompasses all costs associated with the production of that single product.

The Cost of Producing a Good in a Single-Product Firm