If the Marginal External Cost of Building a Children's Playground

question 436

Multiple Choice

If the marginal external cost of building a children's playground equals zero, then the

• A) marginal private cost equals the marginal social cost.
• B) marginal social cost equals zero.
• C) marginal private cost equals zero.
• D) None of the above answers is correct.

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Definitions:

Comparative Reasoning

Analyzing and drawing conclusions from the similarities and differences among various data points, cases, or situations.

Ideological Reasoning

Thinking or arguing based on a set of belief systems or ideologies, rather than empirical evidence.

Scientific Findings

Results or conclusions that emerge from systematic investigation in the sciences, often peer-reviewed and validated by the scientific community.

Critiquing

The process of providing a critical evaluation or detailed analysis of something.