Examlex
Theories can grow when there is a deeper and more nuanced understanding of the original principles.This is known as ______.
Marginal Cost
The financial impact of producing one more unit of a product or service.
Marginal Social Cost
The additional cost incurred by society as a whole due to the production of one more unit of a good or service.
Damage Cost
The monetary cost associated with the harm done to goods in an economy, which can result from disasters, accidents, or intentional acts.
Negative Externality
An adverse effect suffered by a third party as a result of an economic transaction in which they had no involvement.
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