What are Economic Costs?

4. What are Economic Costs?

  1. Changes in the future costs
  2. Amount spent on research
  3. Combination of profit and loss
  4. Costs that are non-traceable

Answer: C) Combination of profit and loss

Explanation:

An economic cost is the worth you surrender when you pick one monetary action throughout the following best monetary movement, like purchasing an item or beginning a business.

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