Examlex
Hundreds of psychological studies on helping strangers were triggered by the case of the brutal murder of Kitty Genovese whose violent death was witnessed by a number of people who did nothing to help her.
Marginal Costs
The additional cost of producing one more unit of a product or service.
External Cost
Costs that are not borne by the individuals or entities responsible for producing or consuming a good or service, often affecting third parties.
Marginal Cost
The increase in total production costs resulting from the production of one additional unit of a product or service.
Artificially Scarce Good
A product or service that is made scarce through artificial means such as monopoly control or government regulations, rather than limited by natural resources.
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