The cost of producing an additional unit of a good or service that falls on people other than the producer of that good or service is the
A) marginal social cost.
B) marginal private cost.
C) marginal external cost.
D) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Marginal external cost refers to the cost of producing an additional unit of a good or service that is borne by individuals other than the producer, such as environmental damage or health issues affecting the public.

The Cost of Producing an Additional Unit of a Good