A Private Cost Is a Cost of Production That Is

question 223

Multiple Choice

A private cost is a cost of production that is

• A) borne by the producer of a good.
• B) measured in marginal terms.
• C) borne by someone other than the producer of a good.
• D) measured in total terms.
• E) the same as an external cost.

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Definitions:

Etiology

The study of the causes or origins of a disease or condition, focusing on determining why certain conditions occur.

Mosaicism

A condition in which an individual has two or more genetically different sets of cells in their body.

Translocation

A cause of Down syndrome in which part of the 21st chromosome of the human cell breaks off and attaches to another. Individuals with Down syndrome due to translocation have all of the features found in trisomy 21.

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.