To firms, resource prices are a major part of

A) revenues.
B) total product.
C) costs.
D) profits.

Resource Prices

The costs associated with acquiring the inputs or raw materials needed for production.

Firms

Business entities that produce goods or provide services, aiming to earn profits by meeting consumer needs.

Costs

Costs represent the monetary value of expenditures for inputs, labor, and other resources required to produce goods or services.