Refer to the Graph Below

question 109

Multiple Choice

Refer to the graph below.Assume that curve II represents marginal private cost and curve IV represents marginal private benefit. If there are no externalities,the competitive equilibrium price will be __________ per unit and the competitive equilibrium quantity will be ________ units.

• A) $6.80;400
• B) $6;600
• C) $5.10;300
• D) $4;400
• E) $4;600

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Definitions:

Opportunity For Selection

Refers to the variance in fitness within a population. When there is no variance in fitness, there can be no selection; when there is large variance in fitness, there is a great opportunity for selection. In this sense, the opportunity for selection constrains the intensity of selection that is possible.

Male Signal

A form of communication used by male animals to attract females, assert dominance, or deter rivals, often involving visual displays, sounds, or chemical signals.

Sensory Bias

A concept in evolutionary psychology and ethology suggesting that preference for certain traits evolves because it exploits pre-existing preferences within the sensory system of an organism.

Condition-Dependent

Relating to traits or behaviors that vary according to an individual's environment or physical condition.