-The Figure Above Shows the Marginal Social Cost Curve of Generating

question 93

Multiple Choice

-The figure above shows the marginal social cost curve of generating electricity, the marginal private cost curve, and the demand curve. If the government imposes a pollution tax to achieve the efficient level of production, the tax equals ________ per kilowatt hour.

• A) 2.5 cents
• B) 0 cents
• C) 15 cents
• D) 7.5 cents
• E) 10 cents

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Definitions:

Simple Random Sampling

A sampling procedure in which each member of the population has an equal probability of being included in the sample.

Stratified Random Sampling

A probability sampling method in which a population is divided into subpopulation groups called strata; individuals are then randomly sampled from each of the strata.

Psychology Majors

Students specializing in the study of the human mind, behaviors, and emotions in their academic pursuit.

Haphazard Sampling

A non-systematic and random method of selecting samples, lacking any specific structure or plan.