Figure 5-C
-Refer to Figure 5-C.The supply curve S private includes the following costs.
A)Costs that production imposes on others
B)Private costs and external costs
C)External costs and spillover costs
D)Costs of capital, entrepreneurship, land, and labor

Question

Figure 5-C 
-Refer to Figure 5-C.The supply curve S private includes the following costs.
A)Costs that production imposes on others 
B)Private costs and external costs 
C)External costs and spillover costs 
D)Costs of capital, entrepreneurship, land, and labor

Quizplus · Accepted Answer

The supply curve S private typically includes the private costs of production, which are the costs of capital, entrepreneurship, land, and labor. These are the costs borne by the producer.

Figure 5-C -Refer to Figure 5-C.The Supply Curve S Private Includes the Private