The Cost of Producing an Additional Unit of a Good

question 60

Multiple Choice

The cost of producing an additional unit of a good or service that falls on people other than the producer is the marginal

• A) external cost.
• B) private cost.
• C) social cost.
• D) social benefit.
• E) None of the above answers is correct.

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Definitions:

Self-Concept

The image a person has of himself or herself; a component of psychographics.

End Goal

The final desired outcome or objective that an individual, group, or organization is aiming to achieve.

Lifestyles

Patterns of behavior or ways of living that reflect the attitudes, values, and consumption habits of an individual or group.

Motivations

The reasons or drivers behind an individual's actions, desires, or needs.