If an External Benefit Is Present,then the

question 110

Multiple Choice

If an external benefit is present,then the

• A) marginal private benefit curve lies above the marginal private cost curve.
• B) marginal social benefit curve lies above the marginal private benefit curve.
• C) marginal social cost curve lies above the marginal private benefit curve.
• D) marginal social benefit is equal to the marginal social cost.
• E) marginal social benefit curve is the same as the marginal private benefit curve.

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding them all together and dividing by the count of these numbers.

Right-Skewed

Describes a distribution of data where the tail on the right side of the distribution is longer or fatter than the left side, indicating that the mean is greater than the median.

Standard Deviation

The square root of the variance, measuring the dispersion of a dataset relative to its mean.

Mean

The mathematical calculation where you add all the numbers in a set and divide by the number of elements to find the average.