Suppose in a Country There Are Only Two Persons

question 89

Multiple Choice

Suppose in a country there are only two persons.Person A is willing to pay $50 to have one unit of a public good produced;person B is willing to pay $60 to have one unit of a public good produced and $50 to have two units produced.A point on the country's marginal social benefit curve for this public good is a price of ________ and quantity demanded of ________.

• A)$50;1 unit
• B)$60;1 unit
• C)$110;2 units
• D)$110;1 unit
• E)$55;1 unit

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Definitions:

Prefrontal Cortex

A region of the brain located at the front of the frontal lobe, crucial for decision making, cognitive behavior, personality expression, and moderating social behavior.

Synaptic Pruning

The process of eliminating weaker synaptic connections in the brain, making room for stronger, more efficient connections.

Myelination

The development of a fatty sheath around the axons of neurons, which helps increase the speed at which information can travel in the nervous system.

Early-life Adversity

Negative experiences during childhood, such as abuse or neglect, that can have long-term effects on health and wellbeing.