If the Marginal Social Cost of Generating a Kilowatt of Electricity

question 145

Multiple Choice

If the marginal social cost of generating a kilowatt of electricity is $0.10 and the marginal private cost is $0.08,what is the marginal external cost?

• A) $0.18
• B) $0.10
• C) $0.08
• D) $0.02
• E) $0.80

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Definitions:

Balloon Angioplasty

A medical procedure that uses a balloon-tipped catheter to widen narrowed or blocked arteries, typically to treat cardiovascular disease.

Blocked Blood Vessels

Obstructions within the arteries or veins that impede the flow of blood through the circulatory system.

Angiography

Medical imaging technique used to visualize the inside, or lumen, of blood vessels and organs of the body, with particular interest in the arteries, veins, and heart chambers.

Computed Tomography

A specialized imaging technique that uses computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.