If the Marginal Private Cost of Running a Car Is

question 254

Multiple Choice

If the marginal private cost of running a car is $0.30 a mile and the marginal external cost is $0.10,what is the marginal social cost?

• A) $0.20
• B) $3.00
• C) $0.03
• D) $0.40
• E) None of the above answers is correct.

---

Definitions:

Parathyroid Gland

Small endocrine glands in the neck that produce parathyroid hormone (PTH), which regulates calcium levels in the blood.

Thyroid Gland

A butterfly-shaped gland located at the front of the neck, producing hormones that regulate metabolism, energy generation, and growth.

Pancreas

A glandular organ in the digestive system that produces enzymes to digest food and hormones such as insulin to regulate blood sugar.

Adrenal Cortex

A layer of the adrenal gland responsible for producing steroid hormones, including cortisol and aldosterone.