If the Marginal Social Cost of Generating a Kilowatt of Electricity

question 145

Multiple Choice

If the marginal social cost of generating a kilowatt of electricity is $0.10 and the marginal private cost is $0.08,what is the marginal external cost?

• A) $0.18
• B) $0.10
• C) $0.08
• D) $0.02
• E) $0.80

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Definitions:

Genetics And The Environment

The study of how genetic makeup and environmental factors interact to influence an individual's development and traits.

Minnesota Twin Project

A research study that examines the psychological and behavioral differences between twins, particularly focusing on the effects of genetics vs. environment.

Monozygotic Twins

Identical twins that develop from a single fertilized egg, sharing the same genetics.

Dizygotic Twins

Twins that develop from two different eggs fertilized by two different sperm, also known as fraternal twins.