_________Are Those for Which It Is Impossible to Compute a Dollar

question 36

Multiple Choice

_________are those for which it is impossible to compute a dollar value.

• A)Visual benefits
• B)Intangible benefits
• C)Monetary benefits
• D)Concrete benefits
• E)Tangible benefits

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Definitions:

Deadweight Loss

A reduction in economic productivity occurring when there is no achievement of equilibrium for a good or service.

Marginal Revenue

The enhanced income derived from peddling an additional unit of a product or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service, a critical factor in economic decision-making.

Predatory Pricing

Practice of pricing to drive current competitors out of business and to discourage new entrants in a market so that a firm can enjoy higher future profits.