When Negative Externalities Exist in a Market,if It Is Internalized

question 46

Multiple Choice

When negative externalities exist in a market,if it is internalized:

• A)those who interact in the market will lose surplus.
• B)those who interact in the market will gain surplus.
• C)those who do not interact in the market,but are affected by the externality,will lose surplus.
• D)those who do not interact in the market,but are affected by the externality,will gain surplus.

Recognize the roles of specific trophic levels and organisms in ecosystems and their energy relationships.

Differentiate between the Earth's spheres (lithosphere, hydrosphere, etc.) and their components.

Identify and describe the role of habitats and the factors affecting the distribution and size of populations.

Comprehend the significance and components of the greenhouse effect and climate-related processes.

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Definitions:

Manufacturing Cost

The total cost incurred by a company to produce goods, including direct materials, direct labor, and manufacturing overhead expenses.

Cost Behavior Analysis

The study of how specific costs respond to changes in the level of business activity.

Activity Base

A measure used in costing that is a significant and quantifiable activity or event, determining the cost incurred by an activity.

Level Of Activity

A measure of the volume of production or work that a business operates at, which can affect costs and efficiency.