Courses ✦ Economics (9708) - Cambridge A-Level ✦ Private costs and benefits, externalities and social costs and benefits ✦ definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB), including marginal social benefits (MSB), marginal private benefits (MPB) and marginal external benefits (MEB)
Private costs and benefits, externalities and social costs and benefits

definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB), including marginal social benefits (MSB), marginal private benefits (MPB) and marginal external benefits (MEB)

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