Use the Figure Below to Answer the Following Questions

question 73

Multiple Choice

Use the figure below to answer the following questions.

Figure 16.3.3
-Refer to Figure 16.3.3. The figure shows the marginal private benefit and marginal social cost of a university education. If society's external benefit from university graduates is $10,000 each, then the

• A)marginal social cost curve lies $10,000 to the left of the private marginal benefit curve.
• B)marginal social cost curve lies $10,000 to the right of the private marginal benefit curve.
• C)marginal social benefit curve lies $10,000 below the private marginal benefit curve.
• D)marginal social benefit curve lies $10,000 above the private marginal benefit curve.
• E)marginal social benefit curve is horizontal.

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Definitions:

Aversive Food

Food items that are typically avoided due to unpleasant taste, smell, or associations, potentially leading to negative physiological responses.

Nauseous Reaction

A nauseous reaction is a physiological response to various stimuli, resulting in the urge to vomit.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior learning or conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, evokes a conditioned response.