Examlex
Match the type of vegetarianism to its description.
-Exclude meat from their diet but consumes dairy products with some fish and poultry
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good.
Marginal Cost
The financial outlay required to produce an additional product unit.
Socially Optimal
The socially optimal point is where the societal benefits of consuming a good or service equal the societal costs of producing it, leading to an efficient allocation of resources.
Marginal Benefit
The increase in utility or enjoyment an individual gets by consuming an additional unit of a good or service.
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