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Earn 100
Define external cost.
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Important Questions on Alternate Source of Finance
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According to the _____, "there are differences between private costs and the costs to the society as a whole".
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An example of the external costs include:
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Which of the following statements about private and social costs is TRUE?
A) private cost do not include externalities.
B) Social costs exclude externalities.
C) Social costs are never smaller than private costs.
D) All of the above
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Which of the following is/are the advantage(s) of the cost-benefit analysis?
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External benefits may include:
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_____benefits are the total benefits accrued to the society from an economic activity.
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Which of the following is not a advantage of the cost-benefit analysis?
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Which among the following is an example of external benefits from consumption?
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Which among the following is/are the example(s) of social benefits as per business point of view?
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Which of the following statement (s) is/are true about Private cost?
1) Private cost refers to the cost of producing a commodity to the society as a whole.
2) Private cost includes both explicit as well as implicit cost.
Choose the codes below:
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_____is the sum of the private costs and external costs.
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The existence of externalities is due mainly to the fact that:
A) pollution is not a serious problem.
B) the optimal level of pollution is zero.
C) monopolies tend to produce too little of a good anyway.
D) property rights are poorly defined.
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The effects on third parties, due to the consumption and production activities of others, are known as _____ costs.
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Which of the following parties borne the cost of the transaction during Private cost?
Individual directly involved
Firms indirectly involved
Individual indirectly involved
Firms directly involved
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Which of the following are the results of a social cost-benefit analysis?
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The level of output which will cause _____benefit to the society (socially optimum output) will occur when the social benefit of the last unit produced is equal to the social cost of that unit.
