Examlex
What are some of the radical changes technology has helped bring about across industries and societies?
Marginal Benefit
The additional benefit received from the consumption of one more unit of a good or service.
Marginal Cost
The additional cost incurred in producing one more unit of a product or service.
Public Good
A good that is both non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from its use, and use by one does not reduce its availability to others.
Public Goods
Public goods are those that are non-excludable and non-rivalrous, meaning they can be used simultaneously by more than one person without diminishing the supply.
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