-The Above Figure Shows the Marginal Social Benefit and Marginal

question 137

Multiple Choice

-The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. There is no external benefit. What is the marginal benefit to the citizen of Kaffenia who consumes the four hundredth pound of coffee each day?

• A) $1.00 per pound
• B) $2.00 per pound
• C) $3.00 per pound
• D) $4.00 per pound

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Definitions:

Motivating People

The process of stimulating individuals to take action that leads to achieving their personal and professional goals.

Flexible Work Schedule

An arrangement that allows employees to vary their arrival and departure times, as well as work location, to accommodate personal needs and preferences.

Motivation

The processes that account for an individual's intensity, direction, and persistence of effort toward attaining a goal.

Perception

The process by which we receive and interpret information from our environment.