-Tom and Jerry Are the Only Members of Society

question 59

Multiple Choice

-Tom and Jerry are the only members of society. The table above shows their marginal benefits from defence satellites, a public good. If the marginal social cost of a satellite is $95, the efficient quantity of satellites is

• A) 0.
• B) 1.
• C) 2.
• D) 3.

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Definitions:

SCSI

Abbreviation for Small Computer System Interface, a set of standards for connecting and transferring data between computers and peripheral devices.

EFI Partition

A partition on a hard drive used as a part of the UEFI (Unified Extensible Firmware Interface) to store boot files and drivers.

BIOS

Basic Input/Output System (BIOS) is firmware used to perform hardware initialization during the booting process and to provide runtime services for operating systems and programs.

Operating System

Software that manages computer hardware and software resources and provides common services for computer programs.