Answer:
b. the marginal social benefit to exceed the marginal private cost of the last unit produced.
Explanation:
<u>Positive Externality-</u>
Positive Externality occurs when production or the consumption or of the good causes benefit to the third party.
For example, when the individual consume education in order to be uplifted and get a benefit but this education also benefits the society by uplifting the whole society.
<u>Positive externality causes the marginal social benefit to be greater than the marginal private benefit.</u>
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I believe that statemet is false
Most people in least industrialize nations lived in village or directly in the wild life (a lot of them do not even have enough resources for food and water). The structure of 'city' is created to cater for the explosion of labor demand that could only be exist if you're in industrialized nations
Answer:
C.
Explanation:
In 1837, when Samuel Morse had an idea of making electric telegraph worked, he faced with a challenge to push forward the signal across long distance. They knew that sending legible signal across the continent would be difficult. So, Morse attached a relay to his device that will work like a relay horse, sending forward the signal by taking message from the exhausted partner and push it with renewed vigor.
So, the correct answer is option C.