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:

Masculinity

A set of attributes, behaviors, and roles often associated with boys and men, traditionally emphasizing traits like strength and dominance.

Femininity

A set of attributes, behaviors, and roles generally associated with girls and women by society.

Power Distance

A cultural dimension that describes the extent to which people in a society accept or expect power inequalities among themselves.

Bypass

To avoid or circumvent an obstacle or regulation, often using an alternative path or method.