Marginal Social Cost Is Equal to the

question 180

Multiple Choice

Marginal social cost is equal to the

• A) sum of marginal private cost and marginal external cost.
• B) sum of marginal private cost and marginal private benefit.
• C) marginal cost incurred by the producer of the good.
• D) marginal cost imposed on others.

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Definitions:

Humidity

The amount of water vapor present in the air, usually expressed as a percentage.

Precipitation

Any form of water, liquid or solid (rain, snow, hail, sleet), that falls from clouds and reaches the ground.

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