The marginal social cost, MSC, of producing a good or service equals
A) MC + MB.
B) MB + marginal external cost.
C) MB + marginal external benefit.
D) MC + marginal external cost.
D
Economics
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The consumer's work-leisure choice problem focuses on how a consumer's work-leisure decision is affected by the consumer's
A) preferences and productivity. B) productivity and psychology. C) psychology and preferences. D) preferences and constraints.
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