Examlex

Solved

Which of the Following Is NOT True About Gallstones

question 31

Multiple Choice

Which of the following is NOT true about gallstones?


Definitions:

Marginal Social Benefit

The additional benefit to society from consuming one more unit of a good or service.

Nonrival Good

Good for which the marginal cost of its provision to an additional consumer is zero.

Marginal Social Cost

The additional cost to society of producing one extra unit of a good or service, considering both private costs and externalities.

Marginal Private Cost

The additional cost incurred by the producer for producing an extra unit of a good, not considering external effects.

Related Questions