A Marginal External Cost of a Product Is Equal to

question 53

Multiple Choice

A marginal external cost of a product is equal to

• A) what the producer has to pay to hire resources to produce another unit.
• B) the cost someone other than the producer incurs when another unit is produced.
• C) the cost the producer incurs to produce another unit.
• D) what the consumer must pay when he or she buys the good or service.
• E) None of these answers describes a marginal external cost.

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Definitions:

Figure-Ground

The organization of the visual field into objects (the figures) that stand out from their surroundings (the ground).

Linear Perspective

A technique in art to create an illusion of depth on a flat surface by converging parallel lines towards a single point on the horizon.

Perceptual Adaptation

The ability to adjust to changed sensory input, including an artificially displaced or even inverted visual field.

Binocular Cue

A depth cue, such as retinal disparity, that depends on the use of two eyes.