Marginal social cost is the
A) difference between the marginal social benefit and the marginal private cost.
B) sum of the marginal private benefit and the marginal private cost.
C) difference between the marginal external cost and the marginal private cost.
D) sum of the marginal external cost and the marginal private cost.

Question

Quizplus · Accepted Answer

Marginal social cost is the total cost to society of producing an additional unit of a good, which includes both the marginal private cost and the marginal external cost.

Marginal Social Cost Is the