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On-Site Haircuts and Free Breakfasts Are Examples of Soft Benefits

question 313

True/False

On-site haircuts and free breakfasts are examples of soft benefits some firms provide for employees.


Definitions:

Marginal Social Benefit

The extra advantage to the community when one additional unit of a product or service is made.

Negative Externalities

External costs.

Marginal Social Cost

Marginal social cost is the total cost society bears for the production of an additional unit of a good or service, considering both private costs and any external costs.

Species Extinction

The permanent disappearance of a species from Earth.

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