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If the Marginal Social Cost of Generating a Kilowatt of Electricity

question 145

Multiple Choice

If the marginal social cost of generating a kilowatt of electricity is $0.10 and the marginal private cost is $0.08,what is the marginal external cost?


Definitions:

Multifactorial

Involving or dependent on a number of factors or causes, often used in the context of genetics and diseases.

Human Genome Project

An international scientific research project aimed at mapping and understanding all the genes of human beings.

Hap Map

A comprehensive map of human genetic variation, aimed at advancing the understanding of genetics and health.

Apgar Scale

A quick assessment of a newborn’s health, from 0 to 10. Below 6 is an emergency—a neonatal pediatrician is summoned immediately. Most babies are at 7, 8, or 9—almost never a perfect 10.

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