Marginal External Costs Are

question 49

Multiple Choice

Marginal external costs are

• A)additional unpriced costs imposed on society by producing one more unit of a good
• B)the cost of damaged goods
• C)the additional cost of imported goods
• D)the total cost to society of producing a good
• E)the marginal cost divided by the marginal revenue

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Definitions:

Misrepresentation

The act of giving a false or misleading account of the nature of something, often to deceive or mislead.

Hire-Purchase Agreement

A contract where an item is leased for a period of time and the lessee has the option to purchase the item at the end of the agreement.

False Information

Incorrect or misleading data presented as facts.

Breach of Warranty

A violation of the guarantees made about a product or service, which can lead to legal action for damages.