A Marginal External Cost Is the Cost of Producing an Additional

question 263

True/False

A marginal external cost is the cost of producing an additional unit of a good that falls on the producer.

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Definitions:

Daoist Sense

Pertains to the principles or perspectives rooted in Daoism, a Chinese philosophy emphasizing living in harmony with the Dao, the fundamental nature of the world.

Basic Rituals

Basic rituals refer to the fundamental, often traditional practices performed by individuals or groups as part of their cultural, religious, or societal customs.

Mexican Philosopher

Refers to philosophers from Mexico who have contributed to various areas of philosophy, including ethics, politics, and metaphysics, drawing from native, European, and global traditions.

Positivism

This term used to be used as a synonym for empiricism. It has also been used to refer to the philosophy of nineteenth-century thinker Auguste Comte, who held that human behavior followed scientific laws and that social policy should be constructed on the basis of these laws. In recent times, it has come to mean the outlook advanced by logical positivists who hold that only sentences capable of empirical verification are really meaningful.