Which of the Following Term Refers to the Share of an Activity's

question 43

Multiple Choice

Which of the following term refers to the share of an activity's marginal cost that is paid for by the persons who carry out the activity?

• A)Beneficial cost
• B)Incidental cost
• C)Marginal private cost
• D)Marginal social cost

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Definitions:

World Price

The international market price of a good or service, influenced by global supply and demand conditions.

Domestic Supply

The total amount of goods and services provided by a country's own economy without importing from other countries.

Imported

Describes goods or services brought into one country from another for sale, usually regulated by import quotas and tariffs.

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a reduced cost per unit of output.