When an Additional Unit of Output Is Produced,the Extra Cost

question 54

Multiple Choice

When an additional unit of output is produced,the extra cost to society is the

• A)average total cost.
• B)marginal social cost.
• C)marginal private cost.
• D)marginal external cost.
• E)total variable cost.

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Definitions:

Nostalgia Scale

A tool used in psychological and marketing research to measure individuals' tendencies toward or affection for nostalgia.

Quality of Life

An individual's overall assessment of their wellbeing, including not only wealth and employment but also the environment, physical and mental health, education, recreation and leisure time, and social belonging.

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The state of having education or qualifications that exceed what is necessary for one's job or position.

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