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:

Organizational Culture

The set of shared beliefs, values, customs, practices, and behaviors that define a social group or organization.

Subcultures

Groups within a larger culture or organization that have their own distinct values, norms, and behaviors that differentiate them from the broader group.

Dissenting Values

Values or beliefs that differ significantly from those of the dominant group or culture, leading to opposing viewpoints or actions.

Subcultures

Groups within a broader culture that distinguish themselves through a unique set of behaviors, values, and norms.