-The Schedules in the Table Give the Marginal Social Benefit

question 106

Multiple Choice

-The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If there are no external benefits or external costs, the efficient number of DVDs to produce is _______ a week.

• A) 5
• B) 3
• C) 1
• D) any number less than 3

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Definitions:

Followers

Individuals who support and are guided by another person, leader, or ideology.

Delegate

To entrust a task or responsibility to another person, usually one who is less senior in a particular organization or setting.

Insecurity

Feelings of uncertainty or anxiety about oneself; lack of confidence.

Self-Leadership

The process of influencing oneself to establish the self-direction and self-motivation needed to perform or achieve certain goals.