Which of the Following Statements Is True

question 185

Multiple Choice

Which of the following statements is true?

• A)When production of a good yields positive externalities but output is currently at the market level, then a change in output to the socially optimal level will certainly be for the worse.
• B)When production of a good yields negative externalities but output is currently at the market level, then a change in output to the socially optimal level will cause benefits to increase by an amount greater than costs will increase.
• C)When production of a good yields positive externalities but output is currently at the market level, then a change in output to the socially optimal level will cause benefits to increase by an amount less than costs will increase.
• D)a, b, and c
• E)none of the above

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Definitions:

Sonar Equipment

Equipment that uses sound propagation (usually underwater) to navigate, communicate, or detect objects on or under the surface of the water.

Prevention Cost

Costs incurred to prevent defects in products or services, part of quality control measures.

Quality Training

The process of instructing employees on the standards and procedures necessary to ensure that products or services meet quality expectations.

Debugging Software Errors

The process of identifying, analyzing, and fixing bugs or errors in software code to ensure the program runs correctly and efficiently.