Examlex
Which examines the cost implications of a proposed bill?
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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