The Marginal Benefit from Consumption of a Good as Viewed

question 22

Multiple Choice

The marginal benefit from consumption of a good as viewed by a private individual is called marginal

• A)internal benefit.
• B)external benefit.
• C)social benefit.
• D)external cost.
• E)private benefit.

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Definitions:

Respiratory Problems

Health issues related to the lungs and breathing, such as asthma, bronchitis, or chronic obstructive pulmonary disease.

Family History

A record of a person's ancestors, genetic information, and relationships within a family.

Lower SES

Refers to individuals or groups situated at the lower end of the socioeconomic spectrum, often determined by income, education, and occupation.

Body Weights

A measure of an individual's body mass, often linked to health and fitness.