To Maximize Social Welfare in the Presence of a Negative

question 20

Multiple Choice

To maximize social welfare in the presence of a negative externality, marginal __________ must equal marginal __________.

• A)social cost; private cost
• B)private cost; social cost
• C)social cost; social benefit
• D)private cost; social benefit
• E)social cost; external cost

---

Definitions:

Declaration Statement

A statement in programming that declares a new variable or function, specifying its type and, optionally, initializing it.

Function Body

The section of a function in a program that contains the actual statements that execute when the function is called.

Local To Main

Relates to variables or functions that are accessible within the main function, typically contrasting with global scope.

Program

A set of instructions written in a programming language that a computer follows to perform specific tasks or solve problems.