To Achieve the Efficient Amount of Use of a Common

question 123

Multiple Choice

To achieve the efficient amount of use of a common resource,the use should be such that ________ equals ________.

• A) marginal social cost; marginal private cost
• B) marginal social cost; marginal social benefit
• C) marginal private benefit; marginal cost
• D) marginal cost; marginal benefit
• E) marginal social benefit; marginal private cost

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Definitions:

Fixed Mindset

Viewing one’s characteristics as enduring and unchangeable.

Learned Helplessness Orientation

A psychological condition where an individual believes they have no control over the outcome of situations, often resulting from repeated failures.

Mastery Orientation

An approach to tasks and challenges with a focus on learning, growth, and development of competency.

Adaptive Behavior

Adjustments or changes in behavior that enable a person to meet environmental demands or to cope with changes in the environment.