The social cost of production, in cases where negative externalities exist, is equal to the
a. sum of private and external costs minus social benefit
b. sum of private and external costs
c. sum of private cost and external cost minus social benefit
d. sum of private cost and external cost
e. current market price plus the external cost
D
Economics
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The purpose of an expansionary monetary policy is to shift the:
A. aggregate demand curve leftward. B. aggregate demand curve rightward. C. aggregate supply curve leftward. D. investment demand curve leftward.
Economics
Refer to the data for a fictional economy. The changes in the budget conditions between 1998 and 1999 best reflect:
A. demand-pull inflation.
B. an expansionary fiscal policy.
C. a recession.
D. a contractionary fiscal policy.
Economics