________ is the benefit that a consumer of a good or service receives.
A) Marginal private benefit
B) Marginal external benefit
C) Marginal social benefit
D) Both answers A and B are correct.
Correct Answer:
Verified
Q213: If the government assigns private property rights
Q226: The benefit from an additional unit of
Q227: Most economist would consider the marginal private
Q228: In an unregulated, competitive market, less than
Q229: When people determine the quantity of education
Q232: The benefit from an additional unit of
Q233: When external benefits are present
A) competitive markets
Q234: When individuals make decisions about how much
Q235: The benefit from an additional unit of
Q236: For a common resource, efficiency requires that
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