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What is net social benefit?
The net social benefit is the sum of producer and consumer surplus.
Which groups benefit the most from social welfare policies?
Which groups benefit the most from social welfare policies
What is an example of social benefit?
social security, healthcare
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.
What death benefit does Social Secuity provide if you are single?
None, Social Security only provides a "Survivor" benefit to your spouse.
Where can I find a social security benefit calculator?
Is their a social security benefit calculator, I need to know how much the state owes me?
How does government Social Security benefit an individual in the United States?
Government Social Security benefit can help an individual if they are to become disabled. To qualify for this benefit you would first have to meet medical criteria and qualify for this benefit.
How do social networking sites benefit social life?
I have a debate on Monday and I am speaking on how do social networking websites benefit out social life. Please give me some good points on how do they benefit us. Make sure that it's only about social life. Also, since it's a debate, my *opponent will speak* on how do social networks spoil our social life. So what are some good points which my *opponent* will tell? How can I oppose his points.
How can one determine the marginal social benefit of a particular economic activity?
To determine the marginal social benefit of an economic activity, one must consider the additional benefit to society from producing one more unit of a good or service. This can be calculated by comparing the total social benefit of the activity before and after the production of the additional unit. By analyzing the impact on society as a whole, including externalities and spillover effects, one can estimate the marginal social benefit of the economic activity.
Can someone on social security benefit's cosign for a loan?
Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.
When the marginal social cost is greater than the marginal social benefit what happens?
inefficient overproduction
Does widow receive her husband's social security benefit if it is greater than her own?
Yes, a widow receives the social security benefit that is the higher of the two, but she cannot receive both.
