If an External Benefit Is Present in the Consumption of a Good

question 173

Multiple Choice

If an external benefit is present in the consumption of a good or service,then

• A) there can be no external cost.
• B) the marginal social benefit is greater than the marginal private benefit.
• C) the marginal social benefit is equal to the marginal private benefit.
• D) the marginal private benefit is equal to the marginal social benefit plus the marginal external benefit.
• E) the marginal external benefit is equal to the marginal private benefit minus the marginal social benefit.

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Definitions:

ICD-9-CM

The International Classification of Diseases, Ninth Revision, Clinical Modification; a system used in the United States to code and classify morbidity data from inpatient and outpatient records.

Classification

The process of organizing or categorizing objects, information, or phenomena into groups based on shared characteristics or criteria.

Characters

Symbols or letters used in writing or printing to represent sounds or meaning in a language.

ICD-10 Codes

A comprehensive classification system developed by the World Health Organization for coding diseases, symptoms, and health encounters, used globally for health management and epidemiological purposes.