A marginal external cost of a product is equal to A. what the producer has to pay to hire resources to produce another unit.

B. the cost the producer incurs to produce another unit.

C. what the consumer must pay when he or she buys the good or service.

D. the cost someone other than the producer incurs when another unit is produced.

E. None of these answers describes a marginal external cost.

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

Kevin and jenny, who are both working full-time, have three children all under the age of ten. the two youngest children, who are three and five years old, attended eastside pre-school for a total cost of $3,000. ervin, who is nine, attended big kid daycare after school at a cost of $2,000. jenny has earned income of $15,000 and kevin earns $14,000. what amount of childcare expenses should be used to determine the child and dependent care credit?

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery