The Marginal Private Cost Curve (MC)is a Positively-Sloped Straight Line

question 17

Multiple Choice

The marginal private cost curve (MC) is a positively-sloped straight line starting at the origin.If marginal external cost increases as output increases,then the marginal social cost curve is a positively-sloped straight line

• A)parallel to and above the MC curve.
• B)parallel to and below the MC curve.
• C)starting at the origin, above the MC curve, and with a slope greater than the MC curve.
• D)starting at the origin, below the MC curve, and with a slope less than the MC curve.
• E)none of the above.

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Definitions:

Sensory Changes

Alterations in how one perceives sensory stimuli, often due to aging or neurological conditions, affecting sight, hearing, taste, touch, and smell.

Visual Acuity

The clarity of vision or sharpness of eyesight, often measured by the ability to discern letters or numbers at a given distance.

Teenage Years

A developmental phase following early childhood, typically between ages 13 to 19, characterized by physical, psychological, and emotional changes.

Fetal Stage

The stage that begins with the third month of pregnancy and ends with childbirth, during which organ systems mature and there are gains in size.