An external cost is:
A) a cost imposed on bystanders.
B) a cost paid for inputs by a producer to an entity outside the company.
C) an adjustment in costs when the output is sold outside the normal circle of customers.
D) the total of all costs minus those borne by bystanders.
Correct Answer:
Verified
Q19: Your personal best interest is based on
Q20: When your actions affect bystanders, then your
Q21: Marginal private cost is the:
A)the marginal cost
Q22: The cost paid by the seller in
Q23: A cost imposed on bystanders is _
Q25: The extra external cost imposed on bystanders
Q26: The marginal external cost is the:
A)extra cost
Q27: All marginal costs, no matter who pays
Q28: Marginal private cost plus marginal external cost
Q29: Marginal social cost equals marginal _ cost
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