Marginal social cost
A) is the additional cost to the consumer of consuming another unit of a good.
B) is equal to price times quantity sold.
C) decreases as more of a good is produced and, hence, is depicted by a downward sloping curve.
D) is the opportunity cost of producing one more unit of a good and, hence, is the same as the supply curve.

Question

Quizplus · Accepted Answer

Marginal social cost represents the opportunity cost of producing one more unit of a good, which aligns with the supply curve in a competitive market.

Marginal Social Cost