(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:

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A form of psychological therapy from the 19th century emphasizing humane treatment of the mentally ill with a focus on the individual’s moral and spiritual development.

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Referring to the ancient period of Greek civilization, known for its advancements in art, literature, and philosophy, primarily between the 5th and 4th centuries BCE.