-The Above Figure Shows the Marginal Social Benefit and Marginal

question 222

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 cost. What is the marginal cost to the economy of Kaffenia of producing the four hundredth pound of coffee each day?

• A) $.50 per pound
• B) $1.00 per pound
• C) $2.00 per pound
• D) $4.00 per pound

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Definitions:

Carbonic Acid

A weak acid that forms when carbon dioxide dissolves in water, playing a crucial role in the carbon dioxide transport of blood and the acid-base balance in the body.

Thoracic Cavity

The part of the body located between the neck and the abdomen, housing the heart and lungs within the rib cage.

Spiracle

An external respiratory opening found in some animals, including insects and some amphibians, used for breathing.

Partial Pressure

The pressure exerted by a single component of a mixture of gases, proportionate to its percentage in the mixture.