Author Question: A private cost is a cost of production that is A) borne by the producer of a good. B) measured ... (Read 92 times)

evelyn o bentley · **on:** Jun 29, 2018

A private cost is a cost of production that is

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

Question 2

When consumption of a good is nonrival and nonexcludable, the good is a

A) public good.
B) private good.
C) mixed good.
D) service.