Which of the Following Is an Example of an Activity

question 8

Multiple Choice

Which of the following is an example of an activity that creates a positive externality ?

• A) an iron smelting factory emits sulfur dioxide into the air
• B) the owner of a steamboat company dredges a river in order to improve navigation
• C) a group of investors starts a business specializing in transporting goods via clipper ship
• D) flatboat operators purchase steamboat tickets in order to return to their homes upstream

Understand the role of cognitive training and environmental factors in cognitive performance.

Recognize the implications of brain damage on language production and comprehension.

Identify brain imaging techniques and their specific uses.

Comprehend the relationship between cognitive processing and brain function.

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Definitions:

Market Price

The price at which a good or service is offered in the marketplace, determined by supply and demand dynamics.

Total Product

The total quantity of goods or services produced by a firm or economy at a given time.

Profit-Maximizing Output

The level of production that maximizes a firm’s profits, determined by the intersection of marginal cost and marginal revenue.

Total Revenue

The total income earned by a firm from selling its products or services, calculated as the quantity sold multiplied by the selling price.