Refer to the Table

question 36

Multiple Choice

Refer to the table.
Suppose you are studying the optimal group size in a species. You collect the following data on the costs and benefits for each individual in groups of different sizes.
-Based on the data in the table, what is the optimal group size?

• A) Group size of 1 (individual alone)
• B) Group size of 3
• C) Group size of 5
• D) Group size of 8

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Definitions:

Labor Income

Earnings derived from work or employment, including wages, salaries, commissions, and bonuses.

Budget Line

A graphical depiction in economics that shows all possible combinations of two goods that can be purchased with a fixed amount of income.

Tax Rate

The percentage at which an individual or corporation is taxed.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.