The Cost of Producing an Additional Unit of a Good

question 60

Multiple Choice

The cost of producing an additional unit of a good or service that falls on people other than the producer is the marginal

• A) external cost.
• B) private cost.
• C) social cost.
• D) social benefit.
• E) None of the above answers is correct.

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Definitions:

External Proposals

are suggestions or plans submitted from outside an organization to provide solutions, services, or collaboration opportunities.

Sales Proposals

Detailed documents designed to outline how a product or service can meet a potential client's needs effectively, aiming to persuade the client towards making a purchase.

Internal Proposals

Documents prepared within an organization to suggest projects or initiatives, seeking approval or funding from decision-makers.

Solicited Proposals

Proposals requested by a potential client or buyer, often in response to a specific problem or opportunity they have identified.