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15 March, 16:06

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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  1. 15 March, 17:58
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    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.
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