Examlex

Solved

Soap Products Inc

question 44

Multiple Choice

Soap Products Inc. is a corporation. Soap can be held liable for the acts of its agents or employees that constitute


Definitions:

Marginal Social Benefit

The additional benefit to society as a whole from increasing the output of a good by one unit.

Private Cost

The costs directly incurred by those who are producing or consuming goods or services.

Marginal Social Benefit

The additional gain to society as a whole from an extra unit of production.

Marginal Social Cost

The cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.

Related Questions