Which of the Following Is Defined as the Private Marginal

question 12

Multiple Choice

Which of the following is defined as the private marginal benefit to the consumers plus any costs associated with the consumption of the good that are imposed on others but for which those others are not fully compensated?

• A) total social benefit
• B) total private benefit
• C) social marginal benefit
• D) private marginal benefit

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Definitions:

Regression Coefficients

Regression coefficients are values that quantify the relationship between each independent variable and the dependent variable in a regression model.

Y-intercept

The point where the graph of a function or relation intersects the y-axis of the coordinate system.

Regression

A statistical method that analyzes the relationship between a dependent variable and one or more independent variables.

Criterion Variable

The dependent variable in statistical modeling, whose variation is being studied and predicted.