If the Marginal Private Cost of Running a Car Is

question 254

Multiple Choice

If the marginal private cost of running a car is $0.30 a mile and the marginal external cost is $0.10,what is the marginal social cost?

• A) $0.20
• B) $3.00
• C) $0.03
• D) $0.40
• E) None of the above answers is correct.

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Definitions:

Motivated Forgetting

A psychological theory suggesting individuals may unconsciously forget memories that cause stress or anxiety.

Semantic Memory

A type of long-term memory that involves the recall of general facts, meanings, concepts, and knowledge about the external world.

Explicit Memory

A type of long-term memory related to consciously recalling facts and experiences.

Implicit Memory

A type of long-term memory that does not require conscious thought to retrieve, often involving skills and routine procedures that are performed automatically.