(Scenario: Alexander and Vanessa)Use Scenario: Alexander and Vanessa

question 169

Multiple Choice

(Scenario: Alexander and Vanessa) Use Scenario: Alexander and Vanessa.If Alexander and Vanessa are the only two individuals in a society,which equation CORRECTLY represents the marginal social benefit (MSB) of scientific research? Scenario: Alexander and Vanessa
Alexander and Vanessa benefit from scientific research.Alexander's marginal private benefit from such research is given by the equation MPB = 200 - Q,where Q refers to the amount of research undertaken and MPB captures the marginal private benefit Alexander gets from different marginal quantities.Meanwhile,Vanessa's marginal private benefit from such research is given by the equation MPB = 100 - Q.The marginal social cost of such research is constant at $100.

• A)MSB = 300 - 2Q.
• B)MSB = 100 - Q.
• C)MSB = 200 - Q.
• D)MSB = 100.

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Definitions:

Discrimination

Unfair treatment of individuals based on their race, age, gender, or other attributes, rather than on individual merit.

Different Religion

The belief in and worship of a superhuman controlling power, especially a personal God or gods, which varies between cultures and individuals.

Official Languages

Languages that are given a special legal status in particular countries, states, or other territories, typically used in governmental operations.

Multitasking

The ability to perform multiple tasks simultaneously, often requiring divided attention and cognitive flexibility.