Marginal social cost is defined as marginal private cost
a. plus opportunity cost.
b. plus marginal opportunity cost.
c. minus incidental cost.
d. plus incidental cost.
d
Economics
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The two biggest items of the U.S. federal government revenue that together account for over approximately 80 percent of total federal government revenue are
A) personal income taxes and Social Security taxes. B) personal income taxes and corporate income taxes. C) personal income taxes and sales taxes. D) corporate income taxes and Social Security taxes. E) corporate income taxes and property taxes.
Economics
If the firm in Figure 17-4 above maintains its set price of P0, rather than dropping price to P1, it must be facing a "menu cost" of adjusting its price that exceeds
A) K - G. B) K + G. C) G - K. D) J. E) K.
Economics