If a Production Activity Generates a Negative Externality, Then the Marginal

question 63

True/False

If a production activity generates a negative externality, then the marginal social cost is equal to the marginal cost of production reduced by the marginal external cost.True

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Definitions:

Drawer And Drawee

Terms in check transactions where the drawer is the party that writes the check, and the drawee is the bank that is requested to pay the amount.

Functions

Refers to the roles, activities, or duties that are intended or expected to be performed by a person, system, or object.

Cash

Money in the form of bills or coins; physical currency that is used as a medium of exchange.

Assignment

A process by which one party transfers rights, duties, or property to another.