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.

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Definitions:

Change Agents

Individuals or entities that act as catalysts for change within an organization or community, facilitating and implementing new processes, innovations, or cultural shifts.

Change Process

An approach or series of steps undertaken to move an organization or individual from its current state to a desired future state.

Process Goals

Refers to objectives focused on improving the efficiency or effectiveness of specific processes in an organization.

Organisational Development

A planned, systemic approach to improving an organization's effectiveness, health, and capacity for change through interventions in its processes, operations, and culture.