Examlex
Which of the following statements reflects a social-exchange analysis?
Common Resource
A resource that is available to all, but which can become depleted if overused, such as air, water, or public land.
Marginal Benefit
The added value or utility one experiences by consuming one more unit of a good or service.
Marginal Social Benefit
The extra advantage to the community from creating or using an additional unit of a product or service.
Marginal Social Cost
The total cost society bears for the production of an additional unit of a good or service, including private and external costs.
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