Table 10-3
​
​ -Refer to Table 10-3

question 59

Multiple Choice

Table 10-3
​
​
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Private Value } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { Private Cost } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { External Benefit } \\\text { (Dollars) }\end{array} \\\hline 1 & 22 & 12 & 10 \\\hline 2 & 20 & 15 & 10 \\\hline 3 & 18 & 18 & 10 \\\hline 4 & 16 & 21 & 10 \\\hline 5 & 14 & 24 & 10 \\\hline 6 & 12 & 27 & 10 \\\hline\end{array}$$
-Refer to Table 10-3. What amount of subsidy per unit of output would move the market from the equilibrium level of output to the socially optimal level of output?

• A)$2
• B)$3
• C)$5
• D)$10

---

Definitions:

Ethical Role Models

Individuals admired for their ability to make moral choices and demonstrate ethical behavior, inspiring others to follow similar principles.

Moral Dilemmas

Situations in which an individual must make a decision between two or more conflicting moral principles or values.

Vroom-Jago Leader-Participation Model

is a decision-making framework that helps leaders determine how much involvement their teams should have in the decision-making process, depending on the situation.

Decision Acceptance

The process by which individuals come to terms with and support a decision made by others, typically within an organizational context.