Evaluate the Following Numerical Expression $\frac { 1 } { 3 ^ { - 5 } }$

question 35

Short Answer

Evaluate the following numerical expression. $\frac { 1 } { 3 ^ { - 5 } }$ Express your answer as an integer or a fraction in lowest terms.

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Definitions:

Marginal Social Cost

The cost society bears for the production of an additional unit of a good or service, including both private costs and externalities.

Pollution Emissions

The release of pollutants into the environment, often from industrial processes, vehicles, or other human activity.

MSB

Stands for Marginal Social Benefit, representing the additional benefit to society from consuming one more unit of a good or service.

MSC

Marginal Social Cost, which refers to the total cost to society of producing an additional unit of a good or service.