Marginal social cost includes what types of costs imposed on society?

a. total cost and marginal cost
b. marginal resource cost and average total cost
c. marginal external cost and marginal private cost
d. marginal fixed cost and marginal variable cost

c

Economics

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List a few of the characteristics of workers who typically earn at or below the minimum wage

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On average, in the recessions since 1950, it has taken ________ for real GDP to return to its cyclical peak

A) about 6 months B) about 1 year C) about 18 months D) almost 2.5 years

Economics