Marginal social cost is equal to
A) the amount people who buy a product pay for another unit.
B) whatever producers have to pay to produce output.
C) the average of marginal private cost and marginal external cost.
D) the sum of marginal private cost and marginal external cost.
E) None of the above answers is correct.
Correct Answer:
Verified
Q4: An example of someone bearing the burden
Q5: An example of someone bearing the burden
Q6: A landfill site produces an obnoxious odour.
Q7: The cost of producing an additional unit
Q8: Marginal private cost
A) is the cost of
Q10: A cost that arises from production or
Q11: Which of the following equations is correct?
A)
Q12: For a product with an external cost,
Q13: If a product has zero external costs,
Q14: A marginal external cost of a product
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