Use the Table Below to Answer the Following Questions

question 114

Multiple Choice

Use the table below to answer the following questions.
Table 16.3.1

-Refer to Table 16.3.1. The table shows marginal private benefit and the marginal social benefit from the consumption of chemical fertilizer and the marginal social cost of the production of fertilizer. If production is left to the private market, then

• A)an efficient quantity is produced.
• B)imposing a tax leads to production of the efficient quantity.
• C)too much fertilizer is produced.
• D)a system of pollution permits leads to production of the efficient quantity.
• E)an inefficient quantity is produced.

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Definitions:

Behavior

The actions or reactions of an individual, in response to external or internal stimuli, encompassing physical and mental processes.

Biological Approach

A perspective in psychology that emphasizes the importance of physical processes in the body, such as genetic inheritance and neural function, in understanding human behavior.

Psychology

The scientific study of the mind and behavior, examining how individuals think, act, and interact.

Brain

The organ in the head of humans and other vertebrates responsible for thought, memory, emotion, touch, motor skills, vision, breathing, temperature regulation, and other countless functions.