If a Substandard Product Cannot Be Reworked,it Is Known as _________

question 11

Short Answer

If a substandard product cannot be reworked,it is known as _________.

---

Definitions:

Marginal Social Cost

Marginal social cost is the total cost society bears for the production of an additional unit of a good or service, considering both private costs and any external costs.

Species Extinction

The permanent disappearance of a species from Earth.

Property Rights

Legal rights to possess, use, and dispose of assets, including land, buildings, and intellectual property.

Marginal Cost

The financial increase due to the production of an extra product or service unit.