Use the Table Below to Answer the Following Questions

question 85

Multiple Choice

Use the table below to answer the following questions.
Table 16.2.1

-Refer to Table 16.2.1. Given in the table are the marginal private cost and the marginal social cost of the production of chemical fertilizer and the marginal social benefit from the consumption of fertilizer. If the government decides to correct the externality problem, it could

• A)subsidize production by $20 per unit.
• B)subsidize production by $10 per unit.
• C)provide the good itself.
• D)tax production by $10 per unit.
• E)tax production by $20 per unit.

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Definitions:

Respondent

An individual who answers or responds to a survey, questionnaire, or experiment.

Variable-Ratio

A type of reinforcement schedule used in operant conditioning where reinforcement is given after an unpredictable number of responses.

Fixed-Ratio

A schedule of reinforcement where a response is only rewarded after a specified number of responses, often used in behaviorist experiments.

Fixed-Interval

In the context of operant conditioning, a schedule of reinforcement where rewards are given at fixed times, provided the correct response is made.