If the Marginal Social Benefit of a Good Equals the Marginal

question 109

Multiple Choice

If the marginal social benefit of a good equals the marginal private benefit of the good,then the marginal external benefit of the good

• A)equals the marginal private cost.
• B)is zero.
• C)equals the marginal social cost.
• D)equals the marginal social benefit.
• E)is increasing.

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Definitions:

Deferred Annuity

An insurance product that allows for the postponement of income payments until the investor elects to receive them.

Ordinary Annuity

A series of equal payments made at regular intervals, with the payment period typically matching the interest period.

Ordinary Annuity

A series of equal payments made at regular intervals (e.g., monthly or annually) with interest compounded at the end of each period.

Deferred Annuity

An insurance product that delays payments until the investor elects to receive them, often at retirement.