If the Marginal Social Benefit of One More Unit of a Good

question 22

Multiple Choice

If the marginal social benefit of one more unit of a good is 10 and the marginal social cost of one more unit of a good is 11, then:

• A)the output of the good is efficient.
• B)a bureaucrat can still increase the bureau's budget.
• C)a bureaucrat can increase the bureau's budget if the total social cost exceeds the total social benefit.
• D)a bureaucrat can increase the bureau's budget if the total social cost is below the total social benefit.

Understand the role of proteins in the body and differentiate between their functions.

Explain the process and products of aerobic and anaerobic cellular respiration.

Identify the stages of the citric acid cycle and its role in cellular metabolism.

Recognize the significance of the electron transport chain in ATP synthesis.

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Definitions:

Double-subscripted Variables

Variables in mathematical models that use two subscripts to represent the rows and columns in matrices, often used in operations research and economics to denote specific elements in matrices or arrays.

Double-subscripted Variables

Variables represented with two subscripts, often used in mathematical and statistical models to denote elements in matrices, arrays, or to specify positions.

Binary Variable

A variable that has only two possible values, typically 0 and 1, to indicate absence or presence, respectively.

Binary Variable

A variable that has only two possible values, typically 0 and 1, used to represent outcomes such as success/failure, yes/no, or true/false.