-The Figure Above Shows the Market for a Good with an External

question 272

Multiple Choice

-The figure above shows the market for a good with an external benefit.When 6 units are produced,marginal social benefit equals ________ and marginal external benefit equals ________.

• A) $200; $150
• B) $350; $200
• C) $200; $50
• D) $350; $150
• E) $150; $250

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Definitions:

Disinfectant

A chemical agent used to destroy harmful microbes or pathogens on inanimate objects and surfaces, promoting hygiene and preventing disease spread.

Household Bleach

A common household chemical used for whitening fabrics and disinfecting surfaces, typically based on a solution of sodium hypochlorite.

Sharps Containers

Specially designed containers used for the safe disposal of sharp medical instruments such as needles, blades, and lancets, to prevent injury and infection.

Global Harmonized System

A worldwide initiative to promote standard criteria for classifying and labeling chemicals according to their health, physical, and environmental hazards.