The marginal social cost, MSC, of producing a good or service equals
A) MC + MB.
B) MB + marginal external cost.
C) MB + marginal external benefit.
D) MC + marginal external cost.

Name: The marginal social cost, MSC, of producing a good or service equals A) MC + MB. B) MB + marginal external cost. C) MB + marginal external benefit. D) MC + marginal external cost.
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Question

Quizplus · Accepted Answer

The marginal social cost (MSC) is the sum of the marginal private cost (MC) and the marginal external cost.

The Marginal Social Cost, MSC, of Producing a Good or Service