Marginal social cost is the
A) price a consumer pays for one more unit of a good.
B) cost a producer incurs producing one more unit of a good.
C) cost of producing one more unit of a good that falls on someone other than the producer.
D) sum of the cost a producer incurs from producing one more unit of a good plus the cost of producing one more unit of a good that falls on someone other than the producer.
E) same as marginal cost only if there is an external cost when the good is produced.
Question 2
Fill in the blank: The Players Union went on strike against the NBA during the 1998-1999 season, canceling games for weeks.
Other things constant, the strike and subsequent cancellation of games would tend to ________ the price elasticity of demand for hockey tickets during the same period the NBA games were canceled. A) worsen
B) preserve
C) increase
D) decrease
The medical assisting profession offers many settings in which to pursue your career. Good communica
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Social and leisure organizations VS. activities by Canadians age 65 and older.