The total social costs of production are:
a. private costs plus private benefits.
b. private benefits minus private costs.
c. private costs plus external costs
d. private costs minus external costs.
c
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How can a firm have a negative valued added, as supposedly some state-owned businesses did in the former Soviet Union? What has to be true for value added to be negative?
What will be an ideal response?
For the United States, U.S. direct foreign investment abroad is more significant than foreign investment in U.S. securities and currency
Indicate whether the statement is true or false
If AE < Y, which of the following will NOT occur?
A) inventories will decline B) actual investment will be more than planned investment C) employment will decline D) GDP will decline
If Melanie had $200,000 of income and spent $180,000 on consumption in 2010 and had $300,000 of income and spent $240,000 on consumption in 2011: a. her APC in 2010 was 0.8. b. her APC in 2011 was 0.9. c. her MPC was 0.6
d. her MPC was 0.8.