The Benefit from an Additional Unit of a Good or Service

question 45

Multiple Choice

The benefit from an additional unit of a good or service that people other than the consumer of that good or service receives is the

• A) opportunity cost.
• B) marginal external benefit.
• C) marginal private benefit.
• D) marginal social benefit.

---

Definitions:

Right Of Survivorship

A legal concept where property automatically transfers to the surviving co-owner(s) upon the death of another co-owner.

Civil Suit

A legal proceeding in which one party seeks to hold another party liable for a wrong done, usually resolved with compensation rather than criminal sanctions.

Uniform Simultaneous Death Act

A legal statute used to determine inheritance when two or more people die at the same time or under circumstances where the order of death is unclear.

Simultaneous Deaths

A legal concept usually applied in inheritance law, where two or more people die at the same time or under circumstances where it's not possible to determine the order of deaths, affecting the distribution of their estates.