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What Is Marginal External Cost? Give an Example

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What is marginal external cost? Give an example.


Definitions:

Low Birth Weight

This term refers to newborns who weigh less than 2,500 grams (5 pounds, 8 ounces) at birth, often due to premature birth or prenatal growth issues.

Gestational Diabetes

A form of diabetes that occurs during pregnancy, characterized by high blood sugar levels that affect both the mother and baby's health.

Maternal Stress

Stress experienced by a mother during pregnancy, which can impact fetal development and birth outcomes.

Temperament

The innate aspect of an individual's personality, including tendencies toward emotional reactivity, intensity, and the general disposition from birth.

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