Question

which cost is those that accrue directly to the individuals firms engaged in the relevant activity?
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Answer 1

Answer:

which cost is those that accure directly to the individual firms engaged in the relevant activity?

Answer 2

Private cost is those that accrue directly to the individual's firms engaged in the relevant activity.

• The private cost to individuals or firms cannot always be equivalent to the total cost to society for a service, or a product.
• The cost of materials, labor, and capital equipment that the firm pays is included in the private cost for a product or service.
• It is not favorable for society if the private cost to the firm of dumping equates to zero. The people are affected because high costs are incurred for goods and necessities.