If the Marginal External Cost of Building a Children's Playground

question 145

Multiple Choice

If the marginal external cost of building a children's playground equals zero, then the

• A) marginal social cost equals zero.
• B) marginal private cost equals zero.
• C) marginal private cost equals the marginal social cost.
• D) None of the above answers is correct.

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Definitions:

Public Policy

Government actions and decisions aimed at addressing public issues and concerns through regulations, laws, actions, and funding priorities.

Sociological Research

Sociological Research is the systematic study of social behavior, structures, and functions, often involving empirical methods to obtain data and insights about human society.

Race

A social construct used to categorize humans based on physical characteristics, ancestry, historical affiliation, or shared culture, often impacting individuals' societal experiences.

Class

A group of people within a society that share similar socioeconomic status, often determined by job, wealth, and education.