If the Marginal Private Cost of Producing One Kilowatt of Power

question 196

Multiple Choice

If the marginal private cost of producing one kilowatt of power in California is ten cents and the marginal social cost of each kilowatt is fourteen cents,then the marginal external cost equals ________ per kilowatt.

• A) ten cents
• B) nineteen cents
• C) four cents
• D) zero cents
• E) fourteen cents

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Definitions:

Pituitary Gland

A small, pea-sized gland located at the base of the brain, responsible for releasing hormones that regulate various bodily functions.

ADH Secretion

The release of antidiuretic hormone, which helps regulate water balance in the body by controlling the concentration of urine.

Concentrated Urine

Urine that has a higher concentration of solutes due to reduced water content, often indicative of dehydration or renal function.

Malpighian Tubules

Excretory tubules found in arthropods, like insects, which remove wastes from the hemolymph and excrete them into the gut.