The Efficient Quantity of Output of a Product with External

question 347

Multiple Choice

The efficient quantity of output of a product with external costs of production is

• A) where the demand curve and the producer's supply curve intersect.
• B) where the marginal social cost curve and marginal social benefit curve intersect.
• C) as low as possible.
• D) zero.

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Definitions:

Aspiration

A strong desire, longing, or aim; ambition towards achieving something.

Carl Rogers

A prominent psychologist known for developing client-centered therapy and emphasizing the importance of unconditional positive regard.

How Did That Make

This does not appear to represent a recognized key term within psychological or scientific disciplines.

William James

An American philosopher and psychologist, often referred to as the father of American psychology, who was a leading thinker of the late nineteenth century.