The amount you pay for gasoline for your car is an example of a (n) : public-good cost. internal cost. external cost. social cost. third-party cost.

Question

Ashton Carr

Business

15 June, 01:24

The amount you pay for gasoline for your car is an example of a (n) : public-good cost. internal cost. external cost. social cost. third-party cost.

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Dennis Pham · Answer 1

Internal cost.

Explanation:

The gasoline that a person used for his car is an example of an internal cost.

Internal costs are considered as a private costs which were incurred by the firms for the production of goods. It includes labor, depreciation, rents and inputs. These are the costs which is directly borne by a firm or an individual.

It is the direct cost associated with the firms for the production of goods and services.