-Tom and Jerry Are the Only Members of Society

question 119

Multiple Choice

-Tom and Jerry are the only members of society. The table above shows their marginal benefits from defence satellites, a public good. What is the marginal benefit to society from the fourth satellite?

• A) $18
• B) $4
• C) $36
• D) $20

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Definitions:

Mob Behavior

involves how individuals in a group can often behave differently together than they would alone, typically under the influence of a collective impulse or pressure.

Groupthink

is a psychological phenomenon in which the desire for group conformity leads to irrational or dysfunctional decision-making outcomes.

Unanimity

Complete agreement among all members of a group or committee, often achieved through consensus.

Escalation Of Commitment

The decision-making error of investing additional resources in a failing course of action due to commitments already made.