The Cost of Producing an Additional Unit of a Good

question 342

Multiple Choice

The cost of producing an additional unit of a good or service that is borne by the producer of that good or service is the

• A) marginal external cost.
• B) marginal private cost.
• C) marginal social cost.
• D) None of the above answers is correct.

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Definitions:

Acknowledges

Acknowledges refers to the act of recognizing or admitting the existence, truth, or fact of something.

Passing Judgment

The act of forming an opinion or evaluation by discerning and comparing.

Respect

The act of showing consideration and appreciation for someone or something, often by acknowledging their qualities or viewing them in high regard.

Listening Skills

The ability to accurately receive and interpret messages in the communication process, essential for effective interpersonal interactions.