________ Are General Business Sources of External Secondary Data That

question 51

Multiple Choice

________ are general business sources of external secondary data that provide brief descriptions of companies,organizations,or individuals.

• A) Guides
• B) Indexes and bibliographies
• C) Directories
• D) Nongovernmental statistical data
• E) Standard Industrial Classification (SIC) codes

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Definitions:

Marginal Social Cost

The cost to society of producing one additional unit of a good or service, incorporating both the private costs and any external costs.

Consumer Surplus

The gap observed between the consumer's desired price for a good or service and the price that is actually paid.

Marginal Benefit

The extra benefit or pleasure that someone receives from using an additional unit of a specific good or service.

Marginal Cost

The increase in cost resulting from the production of one additional unit of a good or service.