If a Positive Externality Is Associated with the Purchase of Smoke

question 64

Multiple Choice

If a positive externality is associated with the purchase of smoke detectors:

• A) the marginal social benefit of smoke detectors exceeds their price.
• B) the marginal social benefit of smoke detectors is zero.
• C) the marginal social benefit of smoke detectors equals their price.
• D) more than the efficient quantity of smoke detectors will be sold.

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Definitions:

Display Enthusiasm

The act of openly showing excitement and eagerness about a specific topic, activity, or idea.

Parallel Construction

The use of consistent grammatical or structural elements within sentences or paragraphs to improve coherence and balance.

Boldface

A type style that makes letters and words darker and more prominent to highlight significance.

Italics

A typeface style where the letters slant to the right, typically used for emphasis or to denote titles, foreign words, or names of vehicles.