The Existence of External Costs Means That

question 10

Multiple Choice

The existence of external costs means that

• A) the producer's marginal cost is greater than the marginal social cost of production.
• B) the producer's marginal cost is less than the marginal social cost of production.
• C) the consumer's marginal benefit is greater than the marginal social benefit of the good.
• D) the consumer's marginal benefit is less than the marginal social benefit of the good

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Definitions:

Neuromuscular Junction

The synapse or junction where a motor neuron transmits a signal to a muscle fiber, causing it to contract.

Synaptic Vesicles

Small sacs in presynaptic neurons that store neurotransmitters, which are released into the synaptic cleft to transmit neural signals.

Synaptic Cleft

The small gap between neighboring neurons, across which neurotransmitters are released to transmit signals from one neuron to another.

Presynaptic Terminal

The end of a neuron from which neurotransmitters are released to communicate with a neighboring neuron's receptor site.