Marginal external cost is _____
A)the additional cost imposed on society by producing an extra unit of a good.
B)the cost of producing an extra unit of damaged goods.
C)the additional cost of importing extra units of a good.
D)the total cost to society of producing a good.
E)the marginal social cost divided by the marginal private cost.

Question

Quizplus · Accepted Answer

Marginal external cost refers to the additional cost imposed on society as a whole as a result of producing an additional unit of a good or service. This cost is not borne by the producer or consumer of the good, but rather by society as a whole, such as increased pollution, traffic congestion, or health problems.

Marginal External Cost Is _____