Examlex
It is believed that many genes interact to influence a psychological characteristic.This is the concept of:
Marginal Cost
The additional cost incurred by producing one more unit of a product or service, an important concept for decision-making in economics.
Externalities
Unintended financial outcomes affecting individuals not directly engaged, potentially leading to good or bad impacts.
External Costs
Costs that are not borne by the producer or consumer of a good or service, but by society or the environment.
MSC (Marginal Social Cost)
The total cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.
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