The Marginal External Cost of a Good or Activity Equals

question 82

Multiple Choice

The marginal external cost of a good or activity equals the amount:

• A)by which the marginal social benefit curve is higher than the demand curve.
• B)by which the marginal social cost curve is lower than the supply curve.
• C)by which the marginal social cost curve is higher than the supply curve.
• D)at which the marginal social benefit curve intersects the demand curve.

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Definitions:

Emotional Connection

A bond between individuals that is based on shared feelings and emotional understanding.

Adolescent

pertains to the developmental stage of human growth between childhood and adulthood, characterized by physical, psychological, and social changes.

Young Adult

denotes an individual in the transitional phase of life between adolescence and full-fledged adulthood, typically aged between 18 to 25.