Question : The concept of marginal social cost refers to:

Option 1: The cost incurred by an individual or firm in producing an additional unit of a good or service
 

Option 2: The cost incurred by society as a whole in producing an additional unit of a good or service
 

Option 3: The cost incurred by the government in producing an additional unit of a good or service

Option 4: The cost incurred by consumers in producing an additional unit of a good or service

Question : The concept of marginal social cost refers to:

Option 1: The cost incurred by an individual or firm in producing an additional unit of a good or service
   

Option 2: The cost incurred by society as a whole in producing an additional unit of a good or service
 

Option 3: The cost incurred by the government in producing an additional unit of a good or service

Option 4: The cost incurred by consumers in producing an additional unit of a good or service