P_a and P_b Represent the Prices That Citizens (A)and (B),the

question 120

Multiple Choice

P_a and P_b represent the prices that citizens (a) and (b) ,the only two people in this nation,are willing to pay for additional units of a quantity (Q_c) of the public good.Q_s represents the quantity of the public good supplied by government at each of the collective prices.
-Refer to the above information.If only one unit of this public good is produced,then the marginal benefit is

• A) $3 and the marginal cost is $9.
• B) $4 and the marginal cost is $7.
• C) $6 and the marginal cost is $3.
• D) $9 and the marginal cost is $3.
• E) $3 and the marginal cost is $6.

Understand the consequences of power imbalances in organizations.

Describe the processes and strategies for empowerment of employees.

Recognize the role of dependency in power dynamics.

Understand the concept of power from a network and relationship perspective.

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Definitions:

Elastic Supply

A situation where the quantity of a good supplied by producers changes significantly in response to a small change in price.

Tax Burden

The measure of taxes paid as a proportion of income or the overall economic impact of taxes on an individual or business.

Own Price Elasticity

A measure of the responsiveness of the quantity demanded of a good to a change in its own price.

Specific Tax

A tax that is levied as a fixed amount per unit of a good or service, rather than as a percentage of the price.