Examlex
Approximate the value using a calculator. Express answer rounded to three decimal places.
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Marginal Social Benefit
The additional benefit to society from the production or consumption of one more unit of a good.
Immunize
To provide protection against a disease through vaccination or to safeguard an investment against interest rate fluctuations.
Government Intervention
Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct provision of goods and services.
Marginal External Benefit
Increased benefit that accrues to other parties as a firm increases output by one unit.
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