Examlex
Which of the following kinds of volunteer service is most likely to be reported by a private hospital as contribution revenue and an expense?
Externality Compensation
Payments or remedies provided to offset the unintended negative or positive effects imposed on third parties by the production or consumption of goods and services.
Efficient Outcome
An allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.
Marginal Cost
The cost associated with producing one additional unit of output, focusing on how total production costs change with production volume adjustments.
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