The Benefit from an Additional Unit of a Good or Service

question 157

Multiple Choice

The benefit from an additional unit of a good or service that people other than the consumer of that good or service receives is the

• A) marginal private benefit.
• B) marginal external benefit.
• C) marginal social benefit.
• D) opportunity cost.

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Definitions:

Teenagers

Individuals typically aged between 13 and 19 years, undergoing the transition from childhood to adulthood.

Ration Resources

Involves the controlled distribution of scarce resources, goods, or services in order to ensure equitable and efficient use.

Service Duration

The length of time that a service is provided or available to a client or customer.

Selective Outreach

Targeted efforts to communicate or engage with a specific audience or group, often for the purpose of information dissemination or gathering support.