Marginal Social Cost Is the Difference Between the Marginal Cost

question 159

True/False

Marginal social cost is the difference between the marginal cost and the marginal damage cost.

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Definitions:

Post-synaptic Neuron

This refers to the neuron that receives a signal (neurotransmitter) across the synaptic gap from a neuron that has fired (pre-synaptic neuron).

Pre-synaptic Neuron

The neuron that sends a signal across the synaptic gap to a receiving neuron during neurotransmission.

Opiate Drug

A category of drugs derived from the opium poppy, such as morphine and heroin, that are used for their pain-relieving and narcotic properties.

Morphine

A powerful opiate analgesic drug derived from the poppy plant, used to relieve severe pain by acting directly on the central nervous system.