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While looking at her reflection on the recently polished table top,baby Brianne notices some strawberry jam on the tip of her nose and reaches to touch her nose.Brianne has
Marginal Cost
The extra cost incurred by producing one more unit of a product or service.
Marginal Benefit
The extra value or contentment obtained when one more unit of a good or service is consumed or produced.
Positive Externality
A benefit that is enjoyed by a third-party as a result of an economic transaction.
Spillover Benefit
An advantage that results from an activity or product but benefits those who are not directly involved in its production or consumption.
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