Use the Following to Answer Questions

question 60

Multiple Choice

Use the following to answer questions:
Scenario: Alexander and Vanessa
Alexander and Vanessa benefit from scientific research. Alexander's marginal private benefit from such research is given by the equation P = 200 - Q, where Q refers to the amount of research undertaken and P is the price Alexander is willing to pay for such research. Vanessa's marginal private benefit from such research is given by the equation P = 100 - Q. The marginal social cost of engaging in such research is constant at $100.
-(Scenario: Alexander and Vanessa) Given the information in the scenario Alexander and Vanessa, what is the socially optimal amount of scientific research for this economy?

• A) 60
• B) 300
• C) 100
• D) 200

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Definitions:

Laid-Back Colleagues

Coworkers who exhibit a relaxed, easygoing attitude towards work, potentially affecting team dynamics and productivity.

Dissatisfied

A state of feeling unhappy or not content with a situation, often leading to the desire for change or improvement.

Repressed Anger

Emotions of anger and frustration that are not expressed openly and are kept suppressed within an individual, potentially leading to psychological issues.

Work Addiction

An uncontrollable need to work incessantly, often at the expense of one’s health, personal relationships, and social functioning.