Examlex
If a man consumes 65 grams of protein and 2700 total calories per day, approximately what percentage of calories would he derive from protein?
Uncompensated Cost
Costs that occur when an action has effects, positive or negative, on third parties without those parties being compensated.
Social Cost
The total cost of an activity, including both private costs borne by the producer and external costs suffered by others.
External Costs
Costs incurred by someone who does not participate directly in a transaction or activity, often relating to environmental or societal impacts.
Socially Optimal
A condition or point at which the total benefits to society are maximized, often considered in the context of production or distribution of goods and services.
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