The 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 cost divided by the marginal revenue.
Correct Answer:
Verified
Q37: The common-pool problem arises _
A)when goods are
Q46: At the market output and price for
Q56: The following graph shows equilibrium in a
Q57: Open-access resources are owned by:
A)every individual in
Q58: Which of the following is an example
Q59: The following graph shows market equilibrium in
Q61: Suppose the production of electricity generates pollution.In
Q64: The socially efficient level of output is
Q65: In order to increase a society's total
Q80: A tannery discovers a technology that makes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents