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The marginal private cost shows the cost associated to the firm in question. It is the marginal private cost that is used by business decision makers in their profit maximization goals, and by individuals in their purchasing and consumption choices.

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Kara Wolf

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What is the average cost for private school?

it cost about 3000 to 46000


What is marginal private costs?

The marginal private cost shows the cost associated to the firm in question. It is the marginal private cost that is used by business decision makers in their profit maximization goals, and by individuals in their purchasing and consumption choices.


What is the difference between private cost and social cost?

Hi Private costs are those incurred by the firm producing the goods/services, whereas social costs are those paid for by society. For instance, cars. The production costs and the cost of raw materials etc... are all private costs, however the CO2 emissions and the damage they cause to the environment is an additional social cost. Hope this helps Sam x


Social cost benefit analysis?

Summary Social cost/benefit: sum of all private costs/benefit. Social welfare analysis: involves optimising social outcomes based on cost/benefit. Optimal occurs: where marginal social cost (MSC) = marginal social benefit (MSB) Is used for: cost of economic choices, policies, initiatives, etc. Longer Explanation Social cost-benefit analysis is also known as 'welfare analysis' and is very similar to normal firm optimisation models. Essentially, social cost and benefit usually involve a private producer or consumer and a public provider or public demand. In these cases, the private cost/benefit of the private actor differs from the social cost/benefit. A social cost/benefit is simply the sum of all costs and benefits of all private actors. Cost is represented on a cost-quantity axis as a positively-sloped function (linear or higher power) and benefit is a negatively-sloped function. Their optimisation occurs where the derivatives of cost and benefit (marginal social cost; marginal social benefit) are equal. This point is where profit/social welfare is greatest.


How much is the annual cost of college?

The annual cost of college depends on the individual price of each college. Some private colleges can be as much as $50,000 per year.

Related Questions

If the private cost of owning something is lower the the social cost what can be done.?

This is an economic question. what if private cost of owning something is lower then the social cost what can be done, and how?


What is the average cost for private school?

it cost about 3000 to 46000


What is marginal private costs?

The marginal private cost shows the cost associated to the firm in question. It is the marginal private cost that is used by business decision makers in their profit maximization goals, and by individuals in their purchasing and consumption choices.


What is the average operating cost for a private jet?

What might be a rule of thumb for the cost of operating a private jet? Say a Gulfstream G550? Total Variable Cost for the G550: $2,153


How much will a private aircraft charter cost me?

There are a large number of planes on the market available for chartering, both new and used. The private jet cost will vary depending on what you are looking for. Most people are looking for something that will get them to and from their air charter travel destination quickly and without a lot of hassles. Light executive private jet cost: $2000-$4000/hour, usually requires a 3-hour minimum.Medium executive private jet cost: $3000-$5000/hour. Heavy executive private jet cost: $4000-$9000/hour. Airliner private jet cost: $6000/hour and up.


Private costs are borne by consumers of a good while social costs are borne?

Private costs can also be borne by producers. For example: A consumer buys a unit of good, the private cost of him is mainly the price of the good. A producer supplies a unit of good, the private cost of it is the cost of production. There should be no definite answer for "who bears the private cost?". Social costs = Private costs + External costs. It's born by both consumers and producers. Look up external costs in the internet.


Cost per student in Florida?

it cost 9866 fot publ9c and private


How much do private charters cost?

Private charters would vary greatly depending on what is being chartered, for how long, and for how many people. For example, it would cost about $3,000 an hour for a small private jet.


How much do high-end private schools cost?

i went to a military boarding school that cost 26,000 dollars a year but higher end boarding private schools can cost 50,000 to 60,000 a year


What would it cost to take a private jet to paris?

From where


How much does a private plane cost?

A private airplane can cost as little as 3-4,000 for a used Cessna right up to 4-5 million for an executive jet.


What does it cost to rent private jets?

The cost of renting a private jet varies depending on the size of the jet rented, the length of the trip that the jet will make, and the size of jet that is rented. Renting a private jet can cost as little as a few thousand dollars on up to tens of thousands of dollars.