-The Table Above Shows the Marginal Social Benefit of Fishing

question 10

Multiple Choice

-The table above shows the marginal social benefit of fishing in Mediterranean Sea.The marginal private cost of operating a fishing boat is the same for all producers,$300 per hour.The marginal social cost is twice the marginal private cost.If the government sets a production quota,to have the efficient quantity of fish caught,the quote should equal ________ tons of fish.

• A) 100
• B) 200
• C) 300
• D) 400
• E) 500

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Definitions:

Block Design Puzzles

Cognitive tests involving the arrangement of two-dimensional geometric blocks to match a pattern, used to assess spatial visualization and problem-solving abilities.

WAIS

The Wechsler Adult Intelligence Scale, a test designed to measure intelligence in adults and older adolescents.

SAT Math Test

A standardized test section measuring mathematical reasoning and problem-solving skills, part of the SAT college admission exam.

Predictive Validity

The success with which a test predicts the behavior it is designed to predict; it is assessed by computing the correlation between test scores and the criterion behavior. Also called criterion-related validity.