问题


There is a single choice question about high school microeconomics. Answer the question by replying A, B, C or D.
Question: Which of the following is true?
A. A marginal social cost = marginal private cost + marginal social benefits.
B. Value of externality = marginal social costs.
C. Value of externality = marginal private costs.
D. Marginal social cost = marginal private cost + negative externality.
Answer:

答案

模型 模型答案 正确答案
金声玉亮2.0

D. Marginal social cost = marginal private cost + negative externality.

Explanation: Marginal social cost (MSC) is the total cost of producing one more unit of a good or service, including both private costs (borne by the producer) and external costs (borne by society). A negative externality is a cost that is not accounted for in the market price of a good or service, such as pollution or congestion. Therefore, MSC is equal to marginal private cost (MPC) plus the negative externality.

The other options are incorrect:

A. Marginal social cost is not equal to marginal private cost plus marginal social benefits. Marginal social benefits are the benefits to society of producing one more unit of a good or service, and are not a component of marginal social cost.

B. The value of an externality is not equal to marginal social costs. An externality is a cost or benefit that is not accounted for in the market price of a good or service, while marginal social costs are the total costs of producing one more unit of a good or service.

C. The value of an externality is not equal to marginal private costs. Marginal private costs are the costs borne by the producer of producing one more unit of a good or service, while an externality is a cost or benefit that is not accounted for in the market price of a good or service.
D
deepseekr1

D. Marginal social cost = marginal private cost + negative externality.

**Explanation:**
Marginal social cost (MSC) accounts for both the private costs borne by producers (MPC) and the external costs (negative externality) imposed on society. The correct formula is **MSC = MPC + Marginal External Cost (negative externality)**, which matches option D. Other options incorrectly equate social costs to benefits (A), conflate total MSC with the externality itself (B), or misattribute the externality to private costs (C).
D
gpto1 D D
GPT-4o D. Marginal social cost = marginal private cost + negative externality. D
llama3.1-70B-Instruct

D
D
llama3.1-405B-Instruct

The correct answer is D. Marginal social cost = marginal private cost + negative externality.

Explanation: Marginal social cost (MSC) is the total cost of producing one more unit of a good or service, including both private costs (borne by the producer) and external costs (borne by society). Negative externality refers to the costs imposed on third parties, such as pollution or congestion, that are not accounted for in the private costs of production. Therefore, MSC is equal to marginal private cost (MPC) plus the negative externality.

The other options are incorrect:

A. Marginal social cost is not equal to marginal private cost plus marginal social benefits. Marginal social benefits refer to the benefits enjoyed by society, whereas marginal social cost refers to the costs imposed on society.

B. The value of externality is not equal to marginal social costs. Externality refers to the costs or benefits imposed on third parties, whereas marginal social costs refer to the total costs of production, including both private and external costs.

C. The value of externality is not equal to marginal private costs. Externality refers to the costs or benefits imposed on third parties, whereas marginal private costs refer to the costs borne by the producer.
D
DeepSeek-Coder-V2 D D
Qwen2-72B-Instruct D. Marginal social cost = marginal private cost + negative externality. D
baichuan4 D D
doubao D

Marginal social cost is equal to marginal private cost plus the cost of the negative externality.
D
minimax D. Marginal social cost = marginal private cost + negative externality. D
kimi D. Marginal social cost = marginal private cost + negative externality.

This statement is correct because the marginal social cost (MSC) includes the marginal private cost (MPC) that the producer incurs plus any additional costs imposed on society by the production process, which are the negative externalities. Negative externalities are costs that affect third parties who are not directly involved in the production or consumption of a good or service.
D
wenxinyiyan D

Explanation:
Marginal social cost refers to the total cost society pays for producing an additional unit of a good or service. It includes not only the marginal private cost (the cost borne by the producer) but also any additional costs that are imposed on others who are not party to the production decision. These additional costs are often referred to as negative externalities.

* A. Marginal social cost = marginal private cost + marginal social benefits. This is incorrect because marginal social benefits are not costs; they are the additional benefits society receives from producing an extra unit of a good or service.
* B. Value of externality = marginal social costs. This is incorrect because the value of an externality (whether positive or negative) is the difference between marginal private costs and marginal social costs.
* C. Value of externality = marginal private costs. This is incorrect because, as explained above, the value of an externality is the difference between marginal private and marginal social costs, not marginal private costs themselves.
* D. Marginal social cost = marginal private cost + negative externality. This is correct. It accurately reflects the relationship between marginal social cost, marginal private cost, and negative externalities. When a producer makes a decision to produce an additional unit of a good or service, the marginal social cost includes not only the producer's own costs (marginal private costs) but also any negative impacts on others (negative externalities).
D
zhipu D. Marginal social cost = marginal private cost + negative externality.

This is because the marginal social cost (MSC) includes both the marginal private cost (MPC) incurred by the producer and any negative externalities that affect third parties. This is a key concept in understanding how externalities can lead to market failures.

Option A is incorrect because it confuses costs and benefits.
Option B is incorrect because the value of an externality is the difference between the marginal social cost and the marginal private cost, not the marginal social cost itself.
Option C is incorrect because the value of an externality is not the same as the marginal private costs.
D
gpto1 D D