Use the Table Below to Answer the Following Questions

question 63

Multiple Choice

Use the table below to answer the following questions.
Table 16.2.1

-Refer to Table 16.2.1. Given in the table are the marginal private cost and the marginal social cost of the production of chemical fertilizer and the marginal social benefit from the consumption of fertilizer. If the market is unregulated

• A)the quantity produced is the efficient quantity.
• B)the quantity produced is greater than the efficient quantity.
• C)the quantity produced is less than the efficient quantity.
• D)marginal external cost is maximized.
• E)production is technologically inefficient.

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Definitions:

Columbian Exchange

The extensive exchange of flora, fauna, cultural practices, human groups, technological advancements, ailments, and concepts between the Americas and the Old World after Columbus's expeditions.

Tainos

Indigenous people of the Caribbean who were the first Native Americans to encounter Columbus upon his arrival to the New World.

Tenochtitlan

The capital city of the Aztec Empire, located on an island in Lake Texcoco in present-day Mexico City, known for its complex architecture and significant cultural and religious importance.

Hohokam

An ancient Native American culture centered in the present-day American Southwest, particularly in Arizona, known for their advanced irrigation canal systems.