MARGINAL SOCIAL COST - MSC
The total cost of an activity, viewed by the society as a whole, for producing another unit or taking further action in an economy. It is not just the direct cost given by the producer, but also the costs to the environment and other shareholders. To get the marginal social cost, add the marginal private cost (MSC) and the marginal external cost (MEC), which should be positive.
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Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
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An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jul | |
| 08:30 | Producer & Import Prices | Aug | |
| 11:01 | New Yuan Loans | Aug | |
| 14:30 | Consumer Price Index | Aug | |
| 14:30 | Consumer Price Index Core | Aug | |
| 14:30 | Common Core CPI | Aug | |
| 14:30 | Trimmed Core CPI | Aug | |
| 14:30 | Median Core CPI | Aug | |
| 14:30 | Manufacturing Shipments | Jul |
