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Recognizing whether someone's facial expression is a happy smile or a self-satisfied smirk is especially difficult for those with
Marginal Social Cost
The total cost to society of producing an additional unit of a good, including both private costs and any externalities.
Marginal Social Benefit
The added value to the general population from the manufacture or use of one more unit of a good or service.
Marginal Social Benefit
The benefit gained by society from the production of one more unit of a good or service.
Marginal Social Cost
The total cost society bears for the production of an additional unit of a good or service, including both private costs and any externalities.
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