Marginal Social Cost

question 260

Multiple Choice

Marginal social cost

• A) is the additional cost to the consumer of consuming another unit of a good.
• B) is equal to price times quantity sold.
• C) decreases as more of a good is produced and, hence, is depicted by a downward sloping curve.
• D) is the opportunity cost of producing one more unit of a good and, hence, is the same as the supply curve.

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Definitions:

Retributivist

A theory of punishment that justifies penalizing wrongdoers on the basis that they deserve punishment commensurate with the harm they have caused.

General Deterrence

is a theory in criminology that suggests the prevention of criminal behavior through the threat of punishment, aiming to discourage others from committing similar offenses.

Punishing Innocent

The act of subjecting individuals who have not committed any wrongdoing to punishment.

Moral Justification

The process of providing a moral reason or rationale to support or defend an action or behavior.