An External Cost of Production Is

question 75

Multiple Choice

An external cost of production is

• A) a cost incurred by someone other than the producer.
• B) the production cost borne by a producer.
• C) the result of the sum of private and social cost.
• D) another word for a tax.

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Definitions:

Extraversion

A personality trait characterized by outgoingness, high levels of social engagement, and a tendency to seek stimulation in the company of others.

Introversion

A personality trait typified by a focus on internal feelings rather than external sources of stimulation, often manifesting in a preference for solitude or small groups.

Depression

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, affecting daily functioning.