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Marginal Cost
The extra expense associated with creating an additional unit of a product or service.
Streetlights
Outdoor lighting fixtures installed along streets to provide illumination during the night to enhance visibility and safety.
Marginal Social Benefit
The additional benefit to society from consuming or producing one more unit of a good or service.
Marginal Social Cost
Marginal social cost is the total cost to society of producing one additional unit of a good or service, including both private costs and any externalities.
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