Answer the Question on the Basis of This Table Showing

question 25

Multiple Choice

Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. If the tax cost of this proposed project is $300 per person, a majority vote will

• A)defeat this project and resources will be underallocated to it.
• B)pass this project and resources will be allocated efficiently.
• C)pass this project and resources will be underallocated to it.
• D)defeat this project and resources will be overallocated to it.

Identify correct uses of technology and digital communication in social work practice following ethical guidelines.

Understand the standard forms of equations of parabolas and their relation to focus and vertex.

Gain proficiency in writing and recognizing the standard forms of circles' equations.

Master the concept of deriving and interpreting the standard forms of ellipses' equations.

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Definitions:

External Cost

External costs refer to the negative side effects or consequences of production or consumption that are not reflected in the market price and are born by third parties or society at large.

Efficient Level

The point at which a system or process is operating at maximum potential without waste of resources.

MSC (Marginal Social Cost)

The complete expenditure for society to create an extra unit of a product or service, covering both personal costs and any additional external expenses.

MC (Marginal Cost)

The cost of producing an additional unit of a good or service.