-Refer to the Figure Above

question 4

Multiple Choice

-Refer to the figure above. Assume the production of the product imposes a cost on society of R70.00 per unit. If the free market equilibrium output is 50 units, the government should

• A) impose a tax of R25.00 per unit.
• B) reduce the output of the firm by approximately 39 units.
• C) impose a lump-sum tax of R3 500 per period.
• D) impose a tax of R70.00 per unit.

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Definitions:

Child Abuse

Any act by a parent, caregiver, or other individual that results in potential or actual harm to a child, whether physically, psychologically, or sexually.

Microsystems

The immediate environments in which people interact face-to-face, such as families, schools, and peer groups, within the broader context of Bronfenbrenner’s ecological systems theory.

Play School

Play school, also known as preschool, is an educational establishment offering early childhood education to children prior to compulsory education at primary school.

Weekdays

The days of the week that are typically dedicated to work or school activities, usually from Monday to Friday, excluding the weekend.