Marginal External Costs Are

question 49

Multiple Choice

Marginal external costs are

• A)additional unpriced costs imposed on society by producing one more unit of a good
• B)the cost of damaged goods
• C)the additional cost of imported goods
• D)the total cost to society of producing a good
• E)the marginal cost divided by the marginal revenue

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Definitions:

Point A

Typically used as a reference point in diagrams or illustrations in economics or geometry.

Opportunity Cost

The dues for not selecting the following most suitable option when making decisions.

Point D

Another specific point on a graph or economic model, indicative of a different state or condition than Point C, useful in comparative analysis.

Point C

Typically used in economics and finance as a specific point on a graph illustrating an equilibrium, costing or other calculated value.