Examlex
According to your text,which of the following assumptions inherent in the assessment enterprise is repeatedly emphasized in the codes of ethics of associations of assessment professionals?
Marginal Private Benefit
The additional benefit received by a consumer or producer from consuming or producing one more unit of a good or service.
Marginal Social Cost
The total cost to society of producing an additional unit of a good, including both the private costs borne by the producer and any external costs inflicted on others.
Social Optimum
The most efficient allocation of resources in a society, achieving the best outcomes for social welfare.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by anyone without preventing others from using them as well.
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