Marginal Social Cost Is Equal to the

question 180

Multiple Choice

Marginal social cost is equal to the

• A) sum of marginal private cost and marginal external cost.
• B) sum of marginal private cost and marginal private benefit.
• C) marginal cost incurred by the producer of the good.
• D) marginal cost imposed on others.

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Definitions:

Predict Behavior

The attempt to forecast an individual’s future actions based on patterns of their past behavior or psychological models.

Surface Traits

Observable qualities or characteristics of personality that can be easily seen by others, in contrast to deeper, less obvious traits.

Source Traits

Fundamental personality traits that are intrinsic to an individual and give rise to surface traits in various situations.

Dynamic Traits

refer to personality attributes that are adaptable and can change in response to different situations or over time.