Ask Question
14 January, 06:11

The marginal cost of production that is borne by the entire society is called the marginal A. public cost. B. private cost. C. external cost. D. social cost. E. user cost.

+2
Answers (1)
  1. 14 January, 06:33
    0
    D) social cost

    Explanation:

    Social costs are the total costs beared by the entire society. Social costs includes all the private production costs plus all the externalities.

    Marginal social costs are the marginal costs beared by the entire society, and it includes all the private marginal production costs and the marginal costs of externalities.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The marginal cost of production that is borne by the entire society is called the marginal A. public cost. B. private cost. C. external ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers