Question

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.

Answer 1

Internal cost.

Step-by-step 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.