Examlex
The formula of a particular compound can be written as (i)
C4H10(ii)
CH3CH2CH2CH3(iii)
CH3(CH2) 2CH3Which of the following is true?
External Benefit
A positive effect experienced by a third party who did not choose to incur that benefit, often associated with public goods or services.
Social Value
The importance or benefits a project, policy, or action brings to the community or society at large, beyond just economic gains.
Private Cost
The cost incurred by an individual or company in producing goods or services, excluding externalities.
Private Value
The value of a good or service to an individual buyer or seller which is independent of the market price or the value others might derive from it.
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