The ________ is the cost of paid by the producer plus any cost paid by everyone else when another unit of a good or service is produced.
A) marginal external cost.
B) marginal private cost.
C) marginal social cost.
D) None of the above answers is correct.

Question

Quizplus · Accepted Answer

The marginal social cost is the total cost to society, including both the private cost incurred by the producer and any external costs imposed on others, when an additional unit of a good or service is produced.

The ________ Is the Cost of Paid by the Producer