Figure 15-9 -Refer to Figure 15-9. to Maximize Total Surplus, a Benevolent

question 78

Multiple Choice

Figure 15-9
-Refer to Figure 15-9. To maximize total surplus, a benevolent social planner would choose which of the following outcomes?

• A)100 units of output and a price of $20 per unit
• B)150 units of output and a price of $20 per unit
• C)150 units of output and a price of $30 per unit
• D)200 units of output and a price of $20 per unit

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Definitions:

Agreeableness

A personality trait that involves being kind, cooperative, and sympathetic towards others, a component of the Five Factor Model of personality.

Self Esteem

The degree to which a person values themselves and feels worthy and competent.

External Locus

A belief that one's outcomes are determined by forces outside individual control, such as luck or other external factors.

Personality Factor

A characteristic or trait that contributes to the way an individual's thoughts, feelings, and behaviors are organized.