Marginal Private Cost

question 290

Multiple Choice

Marginal private cost

• A) is always zero if there is an external cost.
• B) equals the marginal social cost only if the marginal external cost is positive.
• C) is the cost of producing an additional unit of a good or service that is paid by the producer of that good or service.
• D) the cost of producing an additional unit of a good or service that falls on people other than the producer of that good or service.
• E) the cost of producing an additional unit of a good or service that is paid by the entire society.

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Definitions:

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A value calculated in the ANOVA test to determine if the means between two or more groups are significantly different.

Null Hypothesis

A statement or assumption that indicates no effect or no difference, which the statistical test aims to reject.

Interaction

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Profile Plot

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