Figure: Negative Externalities and Raising Pigs for Pork

question 115

Multiple Choice

Figure: Negative Externalities and Raising Pigs for Pork (Figure: Negative Externalities and Raising Pigs for Pork) Refer to the figure Negative Externalities and Raising Pigs for Pork.If the marginal external cost of raising a pig for pork is $200, then the socially optimal quantity of pigs to raise is and
The socially optimal price is _.

• A)150; $900
• B)200; $800
• C)250; $700
• D)300; $800

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Definitions:

Fast Mapping

A process in language acquisition where children rapidly learn the meaning of a word after just a brief encounter, contributing to vocabulary growth.

Grammatical Morphemes

The smallest units of language that carry meaning and function to indicate tense, number, possession, and other grammatical aspects.

Relations

The way in which two or more concepts, objects, or people are connected; a thing's effect or relevance to another.

Vowels

Vowels are speech sounds produced without any significant constriction or blockage of airflow in the vocal tract, forming the nucleus of syllables in languages.