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MAVERICK [17]
3 years ago
7

Economic cost can best be defined as_____________.

Business
1 answer:
Maksim231197 [3]3 years ago
8 0

Answer:

The correct answer is letter "C": the income the firm must provide to resource suppliers to attract resources from alternative uses.

Explanation:

Economic costs represent payments to suppliers a firm makes to obtain and keep the services of a given resource. Besides, economic costs consider the benefits and costs of selecting one choice over another. Then, economic costs analyze the opportunity cost of choosing one resource for production compared to others.

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