Marginal private cost is the:
A) the marginal cost that is kept secret and not reported to the public.
B) the marginal cost faced in the nongovernmental sector.
C) the cost paid by the seller in producing one additional unit of output.
D) the additional cost faced by private bystanders when a seller produces and sells an extra unit of output.
Correct Answer:
Verified
Q16: Which of the following describes a situation
Q17: Which of the following is a positive
Q18: What is the difference between a positive
Q19: Your personal best interest is based on
Q20: When your actions affect bystanders, then your
Q22: The cost paid by the seller in
Q23: A cost imposed on bystanders is _
Q24: An external cost is:
A)a cost imposed on
Q25: The extra external cost imposed on bystanders
Q26: The marginal external cost is the:
A)extra cost
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents