Use the Following to Answer Questions: Table: Costs of Antibiotics

question 231

Multiple Choice

Use the following to answer questions: Table: Costs of Antibiotics $$\begin{array} { c c c c c } \hline \begin{array} { c } \text { Quantity of } \\\text { Antibiotics }\end{array} & \begin{array} { c } \text { Marginal Benefit } \\\text { to Buyers }\end{array} & \begin{array} { c } \text { Marginal Cost } \\\text { to Sellers }\end{array} & \begin{array} { c } \text { External } \\\text { Cost }\end{array} & \begin{array} { c } \text { Marginal Social } \\\text { Cost }\end{array} \\\hline 1 & \$ 25 & \$ 5 & \$ 10 & ? \\2 & \$ 20 & \$ 10 & \$ 10 & ? \\3 & \$ 15 & \$ 15 & \$ 10 & ? \\4 & \$ 10 & \$ 20 & \$ 10 & ? \\5 & \$ 5 & \$ 25 & \$ 10 & ? \\\hline\end{array}$$
-(Table: Costs of Antibiotics) Refer to the table. The market equilibrium quantity is ________ and the efficient equilibrium quantity is ________.

• A) 5; 1
• B) 3; 4
• C) 3; 2
• D) 2; 5

---

Definitions:

Blake Mouton Grid

A framework for understanding leadership style based on the manager’s concern for people and their concern for production, yielding five distinct management styles.

Consideration

A behavioral leadership style demonstrated by leaders who develop mutual trust and respect and actively build interpersonal relationships with their followers.

Higher Performing Workforce

A group of employees who achieve above-average results in their tasks and contribute significantly to the organization's success.

Productive-Oriented Leader

A leader who focuses primarily on efficiency, output, and achieving goals through managing tasks and work processes effectively.