External Benefits Received from a Positive Externality

question 1

Multiple Choice

External benefits received from a positive externality

• A)Is equal to social marginal benefits plus private marginal benefits
• B)Is equal to social marginal benefits minus private marginal benefits
• C)Is equal to private marginal benefits divided by external benefits
• D)Is equal to social marginal benefits divided by external benefits

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Definitions:

Organizational Success

Achieving the stated goals and objectives of an organization effectively and efficiently, often measured by financial performance, market share, or other key indicators.

Quality Control Checks

Procedures or measures implemented to ensure that a product or service meets specified quality criteria or requirements.

Standards

Established norms or criteria that define the expected quality, performance, or conduct in various contexts.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental improvements over time or implementing significant improvements at once.