The Efficient Quantity of Output of a Product with External

question 347

Multiple Choice

The efficient quantity of output of a product with external costs of production is

• A) where the demand curve and the producer's supply curve intersect.
• B) where the marginal social cost curve and marginal social benefit curve intersect.
• C) as low as possible.
• D) zero.

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Definitions:

Hyperpolarization

An increase in a cell's membrane potential, making it more negative inside compared to the outside and further from the threshold that causes action potentials.

Absolute Refractory Period

A period immediately following the stimulation during which a nerve or muscle is unresponsive to further stimulation.

Second Messenger System

A method of cellular signaling where the signal from a first messenger is transferred to a secondary molecule inside the cell to elicit a physiological change.

Protein Kinase

An enzyme that modifies other proteins by chemically adding phosphate groups to them, thereby altering their function.