Which of the Following Statements Is Correct

question 102

Multiple Choice

Which of the following statements is correct?

• A)Marginal social cost is the share of marginal cost caused by an activity that is paid for by the persons who carry out the activity.
• B)Marginal private cost is the share of marginal cost caused by an activity that is borne by persons other than those who carry out the activity.
• C)Marginal social cost is the sum of marginal private cost and incidental cost.
• D)Marginal private cost and incidental cost are one and the same.

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Definitions:

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or getting quality sleep, leading to daytime impairment.

Sleeping Pills

Medications specifically designed to promote or extend sleep, often used to treat various sleep disorders.

Sleep Disorder

A medical disorder of the sleep patterns of a person or animal; some sleep disorders are serious enough to interfere with normal physical, mental, and emotional functioning.

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or obtaining restorative sleep, leading to daytime impairments.