In the Case of a Beneficial Externality

question 100

Multiple Choice

In the case of a beneficial externality

• A)marginal private cost is below marginal social cost.
• B)marginal social cost is above marginal private cost.
• C)marginal social cost and marginal private cost are equal.
• D)the free market price is below the socially efficient price.

---

Definitions:

Human Rights Legislation

Laws and regulations designed to protect individuals from discrimination and ensure equal treatment in various aspects of life, including employment.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Managing Diversity

The practice of acknowledging, understanding, accepting, and valuing differences among people with respect to age, class, ethnicity, gender, physical and mental ability, race, sexual orientation, spiritual practice, and public assistance status in the workplace.

Organization Mosaic

An organizational structure metaphor that emphasizes the diverse and unique pieces (e.g., employees, departments) coming together to create a cohesive and functional whole.