The Cost of Producing an Additional Unit of a Good

question 12

Multiple Choice

The cost of producing an additional unit of a good or service that falls on people other than the producer is the marginal

• A) private cost.
• B) social benefit.
• C) external cost.
• D) social cost.
• E) None of the above answers is correct.

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Definitions:

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A rephrased term for impeachable offenses; refers to misconduct that may lead to the impeachment and possible removal of a public official.

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Going Public

A strategy used by policymakers, especially the President, to gain support for policies by appealing directly to the public through media.

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