-The Table Above Shows the Marginal Social Benefit of Fishing

question 69

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.With no government intervention,the equilibrium quantity of fish caught is ________ tons.

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

---

Definitions:

Heritability

A statistic used in genetics to estimate the degree to which variation in a trait across a population is due to genetic differences among individuals.

Trait

A characteristic way of thinking, feeling, or behaving that tends to be consistent over time and across situations.

Human Characteristics

Traits, qualities, or features that are considered typical of humans, including physical, psychological, and social attributes.

Nature and Nurture

The debate concerning the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.