Question:

Marginal Social, External and Private Costs?

by Guest33467  |  earlier

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If the marginal social cost of a good is $70 and the marginal external cost is $20, what does the marginal private cost equal?

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2 ANSWERS


  1. $50

    Social cost=Private cost+External cost


  2. JJ's not asking what the social cost is.  He is asking what the Marginal Private Cost equals.

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