-The Schedules in the Table Give the Marginal Social Benefit

question 166

Multiple Choice

-The schedules in the table give the marginal social benefit and marginal social cost of a DVD. At the efficient quantity, the minimum supply-price of a DVD is ________ and the value of a DVD is ________.

• A) $16; $24
• B) $16; $20
• C) $20; $16
• D) $20; $20

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Definitions:

Development

The process of growth, change, and progress in physical, social, economic, and emotional dimensions across the lifespan or within societies.

Infant

A young child in the earliest period of life, especially from birth to one year of age.

Categorize Objects

The cognitive process of grouping or classifying objects based on shared characteristics or functions.

Bayley-III

A comprehensive developmental test used for assessing the development of infants and toddlers.