Consider a Remote Village with a Limited,freely Available Water Supply

question 24

Multiple Choice

Consider a remote village with a limited,freely available water supply and no government intervention in the allocation of water.In this case,each individual has an incentive to use water until their

• A)private marginal benefit is zero.
• B)private marginal cost is zero.
• C)social marginal benefit is maximized.
• D)social marginal cost is minimized.
• E)private and social marginal costs are equal.

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Definitions:

Pronoun Reversal

The use of pronouns in a way that does not align with common linguistic conventions, often observed in the language development of young children.

"you"

is a pronoun used to address or refer to the person or people being spoken or written to.

Contact Comfort

The importance of physical touch and closeness in the psychological development of infants.

Physical Contact

The act of touching or being in direct contact with someone or something, often important for emotional and physical well-being.