The Cost of Producing an Additional Unit of a Good

question 232

Multiple Choice

The cost of producing an additional unit of a good or service that falls on people other than the producer is

• A) the marginal cost.
• B) represented by the demand curve.
• C) represented by the supply curve.
• D) the marginal external cost.
• E) the marginal social cost.

---

Definitions:

Tough Conditions

Challenging or difficult circumstances that require resilience and adaptation.

Profit Sharing

A corporate policy where employees receive a share of the company's profits, typically as part of their compensation package.

Wealth Redistribution

The transfer of income and wealth from certain individuals or groups to others through mechanisms like taxation, charity, or welfare policies, aiming at economic equality.

Mandated By Law

Requirements or actions that are legally imposed and regulated by legislation, which individuals or entities must comply with.