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What is social cost theory? What is the marginal social cost of full-time employment? What is an example of marginal social cost? Reference: Case, K.

What is social cost theory?
What is the marginal social cost of full-time employment?
What is an example of marginal social cost?

Reference:

Case, K. E., Fair, R. C., & Oster, S. M. (2020). Principles of microeconomics (13th ed.).
- Chapter 16: Externalities, Public Goods, and Common Resources
- Chapter 18: Income Distribution and Poverty
- Chapter 21: Economic Growth in Developing Economies

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