A Noisy Party That Keeps Neighbors Awake Is an Example

question 187

Multiple Choice

A noisy party that keeps neighbors awake is an example of a

• A) negative production externality.
• B) positive production externality.
• C) negative consumption externality.
• D) positive consumption externality.
• E) Both answers B and C are correct.

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Definitions:

Process Cost Accounting

An accounting method used to track and allocate costs of production by process or department.