All else equal, people with risky jobs tend to make more money than people with safe jobs

Profits equal:

A) total revenue minus variable costs. B) revenue minus fixed costs. C) total revenue minus total costs. D) total revenue.

An externality occurs whenever

A) private costs are the same as social costs. B) private costs are the same as internal costs. C) private costs diverge from social costs. D) private costs plus internal costs equal social costs.