Use the Following to Answer Questions

question 27

Multiple Choice

Use the following to answer questions:
Figure: Traffic Lights in Plymouth
-(Figure: Traffic Lights in Plymouth) Use Figure: Traffic Lights in Plymouth.Plymouth has 1,000 residents.Each of the residents has the same individual marginal benefit per traffic light.If the town's population doubles and the new residents share the identical individual marginal benefit of the existing residents,the socially efficient quantity of traffic lights will:

• A)stay the same.
• B)fall.
• C)rise.
• D)fall to zero.

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Definitions:

Investment Banker

An investment banker is a financial professional who advises and assists corporations and governments in raising capital, through issuing and selling securities.

Debt Offerings

Financial instruments issued by companies to raise capital, promising to pay back with interest.

Government Securities

Financial instruments issued by a government to finance its operations, often considered low-risk investments.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, reflecting an improvement in the standard of living.