Social cost is _____.
A) the sum of fixed and variable costs
B) the difference between the total cost and opportunity cost
C) the sum of private and external costs
D) the difference between the private and external cost
E) sum of fixed costs and opportunity costs
Correct Answer:
Verified
Q7: The table below shows the payoff (profit)
Q11: The table below shows the payoff (profit)
Q13: Why do market failures arise in case
Q14: When social costs of producing or consuming
Q16: Why do externalities arise?
A)The costs of production
Q16: The table below shows the payoff (profit)
Q19: When there exists a negative externality in
Q23: The following table shows the costs and
Q40: The table below shows the payoff (profit)
Q44: Overfishing along the coastline of Helsking village
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