-The Figure Above Shows the Marginal Social Cost Curve of Generating

question 155

Multiple Choice

-The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve.The difference between the marginal cost curve and the marginal social cost curve equals

• A) marginal private cost.
• B) private cost.
• C) external cost.
• D) marginal external cost.
• E) Coasian cost.

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Definitions:

Overjustification Effect

A psychological phenomenon where external rewards can reduce a person's intrinsic motivation to perform a task.

Imitation

The action of using someone else's behavior, effort, or style as a model.

Dream Catchers

A handmade object based on a Native American tradition, consisting of a woven net or web designed to protect individuals from bad dreams by catching them as they sleep.

A Habit

A routine behavior that is repeated regularly and tends to occur subconsciously.