Suppose the Production of a Good Results in Positive Externalities

question 160

Multiple Choice

Suppose the production of a good results in positive externalities. If output occurs at the intersection of the marginal social benefits curve and the supply curve, then

• A)output will be at a higher level than if all benefits were not taken into account.
• B)output will be at a lower level than the socially optimal level.
• C)the marginal private benefit curve will lie above and to the right of the marginal social benefit curve.
• D)there will be underproduction.

Learn the responsibilities of researchers in reporting results and maintaining integrity.

Acknowledge the variability and significance of debriefing in research contexts.

Understand the concept of intellectual originality and authenticity in research ideas.

Recognize the ethical guidelines and principles governing consent forms and voluntary participation.

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Definitions:

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Expressed

Conveyed or made known one's thoughts, feelings, or ideas through words, actions, or art.

Dormant

In a state of temporary inactivity or rest, with the potential to awaken or activate.

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins, impacting an organism's development and functioning.