Select the TWO Answers That Apply

question 1

Multiple Choice

Select the TWO answers that apply.In general,the human body responds to cold by

• A) sleeping.
• B) wearing specialized clothing.
• C) generating additional heat.
• D) conserving whatever heat is being generated.
• E) None of the answers are correct.

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Definitions:

Socially Optimal

The socially optimal point is where the societal benefits of consuming a good or service equal the societal costs of producing it, leading to an efficient allocation of resources.

Marginal Benefit

The increase in utility or enjoyment an individual gets by consuming an additional unit of a good or service.

Marginal Cost

The extra expense associated with creating an additional unit of a product or service.

Streetlights

Outdoor lighting fixtures installed along streets to provide illumination during the night to enhance visibility and safety.