Marginal Damage Cost Is the

question 44

Multiple Choice

Marginal damage cost is the

• A) additional harm done by increasing the level of an externality-producing activity by one unit.
• B) additional cost to society resulting from a privately owned firm producing one more unit of a product.
• C) amount a consumer pays to produce an additional unit of a good.
• D) additional cost to society resulting from a consumer consuming one more unit of a good.

---

Definitions:

E-procurement

The use of electronic methods, typically through internet-based applications, to conduct transactions and purchase goods and services.

Procuring Supplies

The process of obtaining materials, goods, and services needed for operations, production, or resale.

Drawbacks

The disadvantages or negative aspects of a situation, plan, or product that may deter decision-making or decrease effectiveness.

Certifications

Formal recognitions provided by third parties, indicating that an individual or organization meets specific standards of quality, skill, or competence.