Examlex
Dr. Spock is interested in examining genetic and environmental influences on enjoyment of reading. She has decided to include fraternal twins in her study. If she finds that the correlation between fraternal twins on enjoyment of reading is higher than the correlation between _____ on this measure, then she has evidence for the influence of _____.
Marginal Social Benefit
The additional benefit to society as a whole from one more unit of a good or service being consumed.
Marginal Private Benefit
The additional benefit or satisfaction received by a consumer or producer from consuming or producing one more unit of a good or service.
Marginal Social Cost
The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.
Nonexcludable
A characteristic of public goods where it is not possible to prevent individuals from using the good or service, regardless of whether they have paid for it.
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