Find the Indicated Product

question 53

Multiple Choice

Find the indicated product. (3 x - 6) ³

• A)27 x ³ - 162 x ² + 324 x - 6
• B)27 x ³ - 162 x ² - 54 x + 6
• C)27 x ³ - 162 x ² + 324 x - 216
• D)27 x ³ + 162 x ² - 324 x + 216
• E)27 x ³ - 324 x ² + 162 x - 216

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Definitions:

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, considering both the costs borne by the producer and any costs or benefits to third parties (externalities).

Public Good

A product or assistance made available to all societal members without financial gain, provided by either state bodies or voluntary private groups or individuals.

Nonrival

A characteristic of a good whereby one person's consumption does not reduce its availability to others.

Nonexcludable

A characteristic of a good or service that prevents the owner or provider from excluding individuals from using it once it has been provided.