Figure 7-18 -Refer to Figure 7-18.If 40 Units of the Good Are

question 298

Multiple Choice

Figure 7-18

-Refer to Figure 7-18.If 40 units of the good are being bought and sold,then

• A) the marginal cost to sellers is equal to the marginal value to buyers.
• B) the marginal value to buyers is greater than the marginal cost to sellers.
• C) the marginal cost to sellers is greater than the marginal value to buyers.
• D) producer surplus would be greater than consumer surplus.

---

Definitions:

Unrealistic Optimism

The tendency to overestimate the probability of positive outcomes and underestimate the likelihood of negative events.

Technophobia

The fear or dislike of advanced technology or complex devices, especially computers.

Inertia

Inertia is the resistance to change in state of motion or rest, applying to physical objects as well as to organizations and individuals' reluctance to change their behaviors or beliefs.

Breakup Of A Work Group

The dissolution or disbanding of a team or group within an organization, often due to operational changes, conflicts, or reorganization.