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The existence of external benefit and external cost leads to misallocation of resources. External cost For example, when drivers are not liable for the health damage of car exhaust, drivers will equate only marginal private cost with marginal benefit. But if drivers are forced to pay for the health damage of car exhaust, their marginal cost will go up by the amount of the external cost.
Indirect costs are costs that a student should expect to have that may or may not be charged to them by the university. These costs include: books, supplies, transportation, personal expenses and miscellaneous fees. We provide an estimate of these costs for your convenience and for planning purposes. Estimated indirect costs $ 3,718.