Which term refers to the share of an activity's marginal cost that is paid for by people other than those who carry out the activity?
a. Beneficial cost
b. Incidental cost
c. Marginal private cost
d. Marginal social cost
b
Economics
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Assume Bonnie has $64 to spend on hairbands and earrings. Her budget constraint is shown in the graph shown. Which of the following can be said about Bonnie's choices?
A. Hairbands must cost $8 each. B. Earrings must cost $16 each. C. Bonnie can buy twice as many hairbands as earrings. D. All of these are true.
Economics
In a capitalistic economy:
a. The government owns the means of production b. Markets can never be competitive c. Consumers can never be sovereign d. There is a reliance on the market system
Economics